Accounting transactions are initially recorded in the:
A)T-account.
B)ledger.
C)journal.
D)financial statements.

Name: Accounting transactions are initially recorded in the: A)T-account. B)ledger. C)journal. D)financial statements.
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Question

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Accounting transactions are initially recorded in the journal before being transferred to the ledger for more permanent recording. The T-account and financial statements are tools used in the accounting process, but not where transactions are recorded initially.

Accounting Transactions Are Initially Recorded in The