The chronological record of each complete transaction that has occurred is called the:
A) Journal.
B) Trial balance.
C) Ledger.
D) Account balance.
E) Cash account.

Question

Quizplus · Accepted Answer

The chronological record of each complete transaction is called the journal. The other options are related to other parts of the accounting process. The trial balance is a summary of all the general ledger account balances. The ledger is a collection of all the individual accounts used by the company. The account balance refers to the current balance of a specific account. And the cash account is a specific ledger account that tracks all cash-related transactions.

The Chronological Record of Each Complete Transaction That Has Occurred