transactions are first recorded in a _________. a. ledger b. journal c. trial balance d. chart of accounts
transactions are first recorded in a _________. a. ledger b. journal c. trial balance d. chart of accounts
Answer
Answer:
B. journal
Brief Explanation:
In accounting, transactions are first recorded in a journal, which is a chronological record - keeping of business activities. A ledger is for posting from the journal, a trial balance is for checking equality of debits and credits, and a chart of accounts lists all accounts.