An accounting record where a company initially records transactions and selected other events is called the
A) ledger.
B) account.
C) trial balance.
D) journal.

Question

Quizplus · Accepted Answer

A journal is an accounting record where a company initially records transactions and selected other events. It is the first step in the accounting process and is used to record all financial transactions in chronological order.

An Accounting Record Where a Company Initially Records Transactions and Selected