The accounting book or computer program where each day's transactions are first recorded is called a(n):
A)posting workbook.
B)general ledger.
C)balance sheet.
D)journal.

Question

Quizplus · Accepted Answer

The journal is where each day's transactions are first recorded. The general ledger is a record of each account's balance, the balance sheet is a financial statement that shows a company's assets, liabilities, and equity at a specific point in time, and a posting workbook is not a commonly used term in accounting.

The Accounting Book or Computer Program Where Each Day's Transactions