Accounting transactions are first recorded in a book or record called a:

Question

Quizplus · Accepted Answer

Accounting transactions are first recorded in a book called a journal. The journal is the first step in the accounting cycle and records all financial transactions in chronological order. It includes the date, the account title, and the amounts debited or credited. The information from the journal is then transferred to the ledger for posting and summarization. Source documents provide evidence of the transaction but are not the first place where transactions are recorded.

Accounting Transactions Are First Recorded in a Book or Record