The chronological record of each complete transaction that has occurred in a business is called the:
A)Account balance.
B)Ledger.
C)Journal.
D)Trial balance.
E)Cash account.

Question

Quizplus · Accepted Answer

The chronological record of each complete transaction in a business is recorded in the journal. The ledger and trial balance are used to summarize the information from the journal, while the account balance and cash account are specific types of ledger accounts.

The Chronological Record of Each Complete Transaction That Has Occurred