All transactions
A)are entered in the general ledger and then transferred to the general journal.
B)are non-economic events that are recorded.
C)are recorded and reported.
D)are entered in the general journal and posted to the general ledger.

Question

Quizplus · Accepted Answer

Transactions are first recorded in the general journal, which is a chronological record of transactions. They are then posted to the general ledger, which organizes these transactions by account.

All Transactions