What is the name of the ledger that contains all financial accounts using double entry bookkeeping?

The correct answer is the General Ledger. The General Ledger is a comprehensive record that contains all financial accounts of a business and is essential in double entry bookkeeping. Each account within the General Ledger reflects all transactions related to that specific account, ensuring that every debit entry has a corresponding credit entry, which is a fundamental principle of double entry bookkeeping. This structure helps to maintain the accounting equation (Assets = Liabilities + Equity), providing an accurate picture of the financial position of a business at any point in time.

In contrast, the Trial Balance is a summary listing of all the balances in the General Ledger accounts at a specific point in time, primarily used to check for errors in the bookkeeping process. The Balance Sheet is a financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific moment and is derived from data recorded in the General Ledger. The Income Statement, on the other hand, provides a summary of revenues and expenses over a period to show the company's profitability, also relying on information pulled from the General Ledger but serving a different purpose. Thus, the General Ledger serves as the foundational component in double entry bookkeeping.