Business transactions are first recorded in the:
A) ledger.
B) journal.
C) trial balance.
D) balance sheet.
Correct Answer:
Verified
Q1: Financial statements that are prepared for a
Q3: The general ledger:
A)is the book of original
Q4: "PR" in the general journal and general
Q6: The entry to record the payment of
Q7: How are credits distinguished from debits in
Q8: The process of initially recording business transactions
Q9: Which of the following entries would record
Q12: When recording a transaction in a journal,the
Q12: The time period for which a statement
Q14: The journal entry debiting Cash and crediting
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