A complete record of each transaction in one place is called a(n):
A)Account balance.
B)Ledger.
C)Journal.
D)Trial balance.
E)Cash account.

Name: A complete record of each transaction in one place is called a(n): A)Account balance. B)Ledger. C)Journal. D)Trial balance. E)Cash account.
Brand: Quizplus
Rating: 4.8 (40 reviews)

Question

Quizplus · Accepted Answer

A journal is a detailed account that records all the financial transactions of a business, to be used for future reconciling and transfer to other official accounting records such as the ledger.

A Complete Record of Each Transaction in One Place Is