Solved

Because the First Formal Accounting Record of a Transaction Is

Question 74

Multiple Choice

Because the first formal accounting record of a transaction is made in a journal from source document information, a journal is commonly referred to as a(n)


A) ledger.
B) account.
C) cross-reference.
D) book of original entry.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q69: Almost any document that provides information about

Q70: The transaction to record payment for delivery

Q71: It is permissible to enter information about

Q72: Cash is used to pay for a

Q73: The process of copying the debits and

Q75: Prepare a corrected trial balance by

Q76: Transactions and journal entries are shown

Q77: Prepare general journal entries to record

Q78: The Item column in a general ledger

Q79: In some cases,erasures are better for corrections