It is permissible to enter information about a transaction in the ledger accounts first,before entering the information
in the journal.

Question

Quizplus · Accepted Answer

The accounting process requires transactions to be first recorded in the journal (book of original entry) before they are posted to the ledger accounts. This ensures a chronological record of transactions and facilitates the double-entry system of accounting.

It Is Permissible to Enter Information About a Transaction in the Ledger