Which of the following is not a name used to describe the subsidiary record in which credit transactions are usually first recorded?
A)Journal
B)Book of original entry
C)Ledger
D)Day book

Question

Quizplus · Accepted Answer

A ledger is not the subsidiary record in which credit transactions are first recorded. Rather, the ledger is the main record that summarizes and organizes transactions from the subsidiary records (such as the journal or day book). The journal, book of original entry, and day book are all names used to describe the subsidiary record in which credit transactions are typically first recorded.

Which of the Following Is Not a Name Used to Describe