The Book of Original Entry Where Transactions and Other Selected

question 79

Multiple Choice

The book of original entry where transactions and other selected events are first recorded is called the

• A) ledger.
• B) journal.
• C) account.
• D) statement of financial position.

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Definitions:

Encoding

The process by which information is transformed into a format that can be stored in memory.

Retrieval

The process of recalling information, experiences, and memories stored in the brain.

Storage

The process of retaining encoded information over time in the memory.

Explicit Memory

Explicit memory is a type of long-term memory that involves conscious recollection of factual information, previous experiences, and concepts.