ok k nt inces Knowledge Check 01 Which of the following statements are true about the general ledger? All companies will use the same general ledger accounts. The ledger contains the balance of all of the accounts in a hart of accounts. The general ledger contains all of the accounts that a company uses, along with detail of the balances in those accounts. The general ledger can be ordered in any sequence because they are not formal financil systems.

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The following unadjusted trial balance is for Ace. Construction Company at its June 30 current fscal year-end, The credit balance of the V. Ace, Capital account was $59,700 on June 30 of the prior year, and the owner invested $29.000 cash during the current fscal year