The record in which transactions are initially recorded in chronological order as they occur is a(an)
A) General journal
B) Account of events
C) General Ledger
D) Chart of Accounts

Question

Quizplus · Accepted Answer

A general journal is used to record transactions in chronological order as they occur. The other options are not used for this purpose. The account of events is not a standard accounting term, and the general ledger is used to summarize transactions from the general journal, while the chart of accounts is a list of accounts used in the accounting system.

The Record in Which Transactions Are Initially Recorded in Chronological