At Wilson's Wash and Go,business managers ensure that all financial transactions are recorded in chronological order.These transactions are then classified by type.This example specifically involves which two areas of the accounting process?
A) Journals and ratios
B) Ledgers and financial statements
C) Ratios and financial statements
D) Journals and ledgers

Question

Quizplus · Accepted Answer

The process described involves recording transactions in chronological order, which is done in journals, and then classifying them by type, which is done in ledgers.

At Wilson's Wash and Go,business Managers Ensure That All Financial