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 typically recorded in the general journal in chronological order, with the most recent transactions listed first. This helps to ensure a clear and accurate record of all financial events that have occurred within a given period of time. Alphabetical and account number order do not provide a useful basis for organizing transactions in the general journal, while financial statement order may be more appropriate for other types of accounting reports.

Transactions Are Recorded in the General Journal in