Transactions are first entered in the:
A)ledger.
B)journal.
C)T-accounts.
D)chart of accounts.

Name: Transactions are first entered in the: A)ledger. B)journal. C)T-accounts. D)chart of accounts.
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Transactions are analyzed and their financial effects are entered into journals each day they occur.Later,these journal entries are summarized in ledger accounts that keep track of the financial effects on each account.The simplified version of a ledger account is called a T-account.

Transactions Are First Entered in The