Transactions are first record in a ________.

Name: Transactions are first record in a ________.
Brand: Quizplus
Rating: 4.8 (45 reviews)

Question

Quizplus · Accepted Answer

Transactions are first recorded in a journal before they are posted to the ledger. The journal is a chronological record of all financial transactions, while the ledger is a collection of all accounts used by a company. The chart of accounts is a list of all accounts used by a company, and the trial balance is a tool used to check the accuracy of the ledger.

Transactions Are First Record in a ________