Respuesta :
The given statement is true. The amounts in the financial statements must agree with the ledger account balances.
What is the purpose of financial statements?
Financial statements are documents that describe a company's operations and financial performance. Government organizations, accounting companies, etc. frequently audit financial statements to guarantee accuracy and for tax, financing, or investing purposes. Financial statements are official records of a person, business, or other entity's financial situation and actions. An easy-to-understand format is used to provide pertinent financial data in a systematic manner.
A ledger is an accounting book or group of books where account transactions are noted. Each account has a beginning or carry-forward balance, as well as the ending or closing balance, and would record each transaction as either a debit or credit in distinct columns.
Hence, The given statement is true. The amounts in the financial statements must agree with the ledger account balances.
To learn more about financial statements refer to:
https://brainly.com/question/22941895
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