Listed below are two pieces of information.Where is the best place to locate this information,in the journal or the ledger?
1)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

The journal is used to record details of individual transactions as they occur, while the ledger summarizes all transactions by account, such as all sales activity for the month.

Listed Below Are Two Pieces of Information