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When a Transaction Occurs in a Business, the Accountant Must

Question 95

Multiple Choice

When a transaction occurs in a business, the accountant must decide if it is a regular and recurring transaction.If the transaction IS regular and recurring, it will be recorded in a ____1_____.If it is NOT regular and recurring, it will be recorded in a _____2_____.


A) 1=General journal; 2=Special journal
B) 1=General ledger: 2=Special ledger
C) 1=Special journal; 2=General Journal
D) 1=Special journal; 2=Subsidiary Ledger

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