Questions: The general ledger can be used to determine which of the following: (Check all answers which apply) common and unique accounts used by a business. increases and decreases in all accounts in a business. all accounts used by a company and their balances. a complete record of each transaction in one account.

The answers are:

• common and unique accounts used by a business.
• increases and decreases in all accounts in a business.
• all accounts used by a company and their balances.

Explanation:

1. Common and unique accounts used by a business: The general ledger contains all the accounts used by a business, which includes both common and unique accounts. Therefore, this statement is correct.

2. Increases and decreases in all accounts in a business: The general ledger records all transactions affecting each account, showing the increases and decreases in each account. Thus, this statement is also correct.

3. All accounts used by a company and their balances: The general ledger lists all the accounts used by a company and their respective balances. This statement is correct as well.

4. A complete record of each transaction in one account: This statement is incorrect because the general ledger does not provide a complete record of each transaction in one account. Instead, it provides a summary of transactions affecting each account. The detailed record of each transaction is found in the subsidiary ledgers or journals.

In summary, the correct answers are the first three options.