[amp_mcq option1=”One” option2=”Three” option3=”Two” option4=”Four” correct=”option3″]
The correct answer is C. Two.
The two predefined ledgers are:
- General Ledger – This is the main ledger where all transactions are recorded.
- Subledger – This is a subsidiary ledger that is used to track specific types of transactions, such as accounts payable or accounts receivable.
The other options are incorrect because:
- Option A is incorrect because there are two predefined ledgers, not one.
- Option B is incorrect because there are two predefined ledgers, not three.
- Option D is incorrect because there are two predefined ledgers, not four.