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The ___ is a visual representation of an account in the general ledger and is used to understand the effects of transactions on an account.​

a) Income Statement
b) Balance Sheet
c) Ledger Account
d) Cash Flow Statement

1 Answer

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Final answer:

The correct answer is Ledger Account. A ledger account is a visual representation of an account in the general ledger and is used to understand the effects of transactions on an account.

Step-by-step explanation:

The correct answer is c) Ledger Account.

A ledger account is a visual representation of an account in the general ledger. It is used to understand the effects of transactions on an account. A ledger account typically consists of two columns: one for recording debits and another for recording credits.

For example, let's say a business receives cash from a customer. The cash account would be debited (increased) and the accounts receivable account would be credited (decreased) in the ledger account to reflect this transaction

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