The first place every transaction is recorded is the: Group of answer choices subsidiary ledger. account. basic equation. journal.
Question
Solution 1
The first place every transaction is recorded is the journal.
Here's why:
In the accounting cycle, the first step is to record the business transaction in a journal. This process is known as journalizing.
The journal is often referred to as the "book of original entry" because it's the firs Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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