A statement in a double entry system in which are recorded all the transactions of one specific class, which takes place during the period is called?

A. Double entry system
B. Ledger
C. Cash Book
D. Petty Cash Book

Correct Answer: Option B

B. Ledger

Explanation

Ledger is a separate record within the general ledger that is assigned to a specific asset, liability, equity item, revenue type, or expense type. Examples of ledger accounts are: Cash. Accounts receivable.