TB MC Qu. 02-63 (Static) A company's... 3. A company's ledger (or general ledger) is: Multiple Choice A record containing increases and decreases in a specific asset, liability, equity, revenue, or expense item. A journal in which transactions are first recorded. A collection of documents that describe transactions and events entering the accounting process. A list of all identification numbers used by the company A collection of all accounts and their balances used by the company