Question

In most instance, the General Ledger is a longer report than other Accounting reports

a-true
b-false

Answer 1

The General Ledger is usually not a longer report compared to other Accounting reports.

Step-by-step explanation:

The statement that the General Ledger is a longer report than other Accounting reports is false.

The General Ledger is a key financial statement that records all the transactions of a business. It serves as a central repository of all the accounts and their balances. However, it typically does not contain as much detailed information as other accounting reports like the Trial Balance or the Income Statement.

For example, the Trial Balance provides a detailed list of all accounts and their corresponding debit and credit balances, while the Income Statement calculates the net income or loss for a specific period. These reports may be longer than the General Ledger because they provide more specific details and calculations.