The chronological record in which transactions are initially recorded in the order in which they occur is called a(n)
A)T-account.
B)Chart of Accounts.
C)Trial Balance.
D)Journal.

Question

Quizplus · Accepted Answer

The chronological record in which transactions are initially recorded in the order in which they occur is called a journal. A T-account is a visual representation of an account, a chart of accounts is a list of all the accounts used by a business, and a trial balance is a list of all the accounts and their balances at a certain point in time. None of these options involve recording transactions in chronological order.

The Chronological Record in Which Transactions Are Initially Recorded in the Order