The Record in Which Transactions Are Initially Recorded in Chronological

question 87

Multiple Choice

The record in which transactions are initially recorded in chronological order as they occur is aan)

• A)Account
• B)General Journal
• C)General Ledger
• D)Chart of Accounts

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Definitions:

CEO

Chief Executive Officer, the highest-ranking individual in a company or organization, responsible for making major corporate decisions.

New Product

A good or service that has recently been introduced to the market and was not available to consumers before.

Over-optimism

The tendency to overestimate the likelihood of positive outcomes in various situations, often affecting judgment and decision-making.

Huge Success

An achievement or outcome that significantly exceeds expectations or objectives, often measured in terms of profitability, popularity, or effectiveness.