After initially recording a transaction,the data is then transferred to the ________.
A) chart of accounts
B) ledger
C) trial balance
D) journal

Question

Quizplus · Accepted Answer

The ledger is where all transactions are posted after they are initially recorded in the journal. The ledger contains individual accounts for each asset, liability, equity, revenue, and expense. The chart of accounts and trial balance both use data from the ledger, but they are not where the initial transaction recording occurs.

After Initially Recording a Transaction,the Data Is Then Transferred to the ________