In a manual system, an adjusting entry would most likely be initially recorded in a:
A)Special journal
B)Subsidiary ledger
C)General journal
D)General ledger

Question

Quizplus · Accepted Answer

Adjusting entries are recorded in the general journal in a manual accounting system. This is because the general journal is used to record any adjusting entries that are needed to ensure that the accounts accurately reflect the financial position of the business. The general journal is also used to record any other transactions that do not fit into the other special journals or subsidiary ledgers.

In a Manual System, an Adjusting Entry Would Most Likely