The ____ Is Where a Transaction Can First Be Found

question 126

Multiple Choice

The ____ is where a transaction can first be found on the accounting records.

• A) chart of accounts
• B) income statement
• C) balance sheet
• D) journal

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Definitions:

Direct Labor Hours

The total hours worked by employees directly involved in the production of goods or providing services.

Journal Entry

A record in accounting that notes the details of a financial transaction in a company’s financial systems.

Raw Materials

Basic materials that are used in the production process to manufacture goods, often transformed or converted into the finished product.

Journal Entry

A record in the books of account that represents a transaction and its effect on the accounts, typically including a debit and credit.