Details of a transaction that took place on October 3. 2.All of the sales activity that took place during the current month.
A)1.Journal 2.Journal
B)1.Journal 2.Ledger
C)1.Ledger 2.Ledger
D)1.Ledger 2.Journal
E)This information is only available on the financial statements.

Question

Quizplus · Accepted Answer

A journal records individual transactions in chronological order, while a ledger summarizes these transactions by account. Therefore, a specific transaction is recorded in the journal, and all sales activity for the month is summarized in the ledger.

Details of a Transaction That Took Place on October 3