To find an explanation of a transaction, one should look at the
A) ledger.
B) trial balance.
C) journal.
D) chart of accounts.

Name: To find an explanation of a transaction, one should look at the A) ledger. B) trial balance. C) journal. D) chart of accounts.
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Question

Quizplus · Accepted Answer

The journal is where all transactions are initially recorded and explained. The ledger, trial balance, and chart of accounts are all tools used to organize and summarize the information recorded in the journal.

To Find an Explanation of a Transaction, One Should Look