Accountants First Record Transactions in The

question 43

Multiple Choice

Accountants first record transactions in the:

• A) chart of accounts.
• B) trial balance.
• C) journal.
• D) ledger

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Definitions:

Definite Time

A specified period in contracts or agreements where certain actions or conditions must be met or take place.

Negotiation

The process of discussing and arriving at a mutual agreement between parties, often involving compromise or the making of concessions.

Holder

An individual or entity that possesses or controls a negotiable instrument, security, or other similar documents, legally recognized as entitled to the benefits of ownership.

Automated Signature

A computer-generated signature used to authenticate documents or transactions electronically.