Transactions are recorded in the general journal in:
A) Alphabetical order.
B) Account number order.
C) Chronological order.
D) Financial statement order.

Question

Quizplus · Accepted Answer

Transactions are recorded in the general journal in chronological order, meaning they are recorded in the order in which they occur. This makes it easier to track the sequence of events and also ensures that all transactions are recorded accurately and in the correct order. While alphabetical and account number order may be useful for organizing and finding specific transactions, they are not typically used for recording transactions in the general journal. Financial statement order may be used for organizing transactions within financial statements, but it is not typically used for the general journal.

Transactions Are Recorded in the General Journal In