Describe the accounting ledgers


Response to the following questions:

1. Describe the different accounting ledgers used by construction companies and explain their purpose.

2. Describe the relationship among the chart of accounts, the balance sheet, and the income statement.

3. Describe the key relationships that must be maintained within the general ledger.

If possible, please give examples to better understand your answers.

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Accounting Basics: Describe the accounting ledgers
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