Which statements are correct about the scope of general ledger accounting? (Select two correct answers)

The statement that general ledger accounting represents external accounting is correct because general ledger accounting serves as a comprehensive record of all financial transactions for a business. This is essential for preparing financial statements, which are shared with external stakeholders such as investors, regulators, and tax authorities. These financial statements must adhere to accepted accounting principles and provide a true and fair view of the company's financial status.

In addition, selecting the option that concerns legal reporting is also accurate. General ledger accounting is not only important for internal management purposes but is also crucial for compliance with legal regulations. Companies are often required to produce audited financial reports that show their financial position and performance according to legal standards. This aspect ensures transparency and accountability to external parties, maintaining trust in the financial reporting process.