4) Which of the following is the name given to the permanent summary of all supporting journals?

Question

a) sales and receipts journal
b) cash disbursements journal
c) financial statement
d) general ledger

Answer 1

The general ledger, since all entries in all the different journals (sales, purchases, receipts, disbursements, general journal) must be posted to the general ledger before you can extract a trial balance. From the adjusted and closed trial balance, you can then prepare the financial statements.

Answer 2

general ledger