Multiple choice 1. A chronological record of financial transactions expressed as debit and credits to accounts is provided by the A. Ledger B. Journal C. Balance sheet D. Trial balance 2. Because the first formal accounting record of a transaction is made in a journal from source document information, a journal is commonly referred to as a(n) A. Ledger B. Account C. Cross-reference D. Book of original entry
Multiple choice 1. A chronological record of financial transactions expressed as debit and credits to accounts is provided by the A. Ledger B. Journal C. Balance sheet D. Trial balance 2. Because the first formal accounting record of a transaction is made in a journal from source document information, a journal is commonly referred to as a(n) A. Ledger B. Account C. Cross-reference D. Book of original entry
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Multiple choice
1. A chronological record of financial transactions expressed as debit and credits to accounts is provided by the
A. Ledger
B. Journal
C. Balance sheet
D. Trial balance
2. Because the first formal accounting record of a transaction is made in a journal from source document information, a journal is commonly referred to as a(n)
A. Ledger
B. Account
C. Cross-reference
D. Book of original entry
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