What is used to enter the information about economic events into the accounting system?
A)A journal entry
B)An adjusting entry
C)A closing entry
D)A temporary account

Question

Quizplus · Accepted Answer

Journal entries are used to record economic events in the accounting system. They provide a chronological record of all transactions and include information such as the accounts affected, the amount of the transaction, and the date it occurred. Journal entries also serve as a basis for creating financial statements and other reports.

What Is Used to Enter the Information About Economic Events