When recording a transaction in a journal, the account listed first is always the:
A) debit.
B) credit.
C) increase.
D) highest dollar.

Question

Quizplus · Accepted Answer

In accounting, when recording a transaction in a journal, the convention is to list the account that is debited first. This is because, in double-entry bookkeeping, every transaction affects at least two accounts, with at least one account being debited and one account being credited. The debit entry is recorded first, followed by the credit entry.

When Recording a Transaction in a Journal, the Account Listed