A record in which the effects of transactions are first recorded and from which transaction amounts are posted to the ledger is a(n) :

A) Account.
B) Trial balance.
C) Journal.
D) T-account.
E) Balance column account.

Question

Sophia Varela · Accepted Answer

Final Answer : C, Explanation :  A journal is a record in which the effects of transactions are first recorded in chronological order. This information is later transferred to the ledger accounts through posting. A trial balance is a list of all ledger accounts with their balances, used to ensure that debits equal credits. T-accounts and balance column accounts are specific types of ledger accounts. Therefore, the best choice is C, journal.

A record in which the effects of transactions are first recorded and from which transaction amounts are posted to the ledger is a(n) :

A) Account.
B) Trial balance.
C) Journal.
D) T-account.
E) Balance column account.

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Learning Objectives

Related questions

A record in which the effects of transactions are first recorded and from which transaction amounts are posted to the ledger is a(n) :A) Account.B) Trial balance.C) Journal.D) T-account.E) Balance column account.

Definitions

Learning Objectives

Learning Objectives

Related questions

A record in which the effects of transactions are first recorded and from which transaction amounts are posted to the ledger is a(n) :

A) Account.
B) Trial balance.
C) Journal.
D) T-account.
E) Balance column account.