Knowee
Questions
Features
Study Tools

Business transactions are originally recorded chronologically in the ledger.Select one:TrueFalse

Question

🧐 Not the exact question you are looking for?Go ask a question

Solution 1

The statement "Business transactions are originally recorded chronologically in the ledger" is False.

In accounting, business transactions are initially recorded in a journal, which is often referred to as the book of original entry. This journal keeps transactions in chronological order, detai Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.

Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  

This problem has been solved

Similar Questions

Where is accounting data first entered?Multiple choice question.on a balance sheetin a ledgeron an accounting recordin a journal

The general ledger clerk can make entries in special journals or subsidiary ledgersSelect one:TrueFalse

The first place every transaction is recorded is the: Group of answer choices subsidiary ledger. account. basic equation. journal.

Step Two of the accounting cycle requires that we record transactions in a record called a journal.  True False

Accounts are classified in the ledger

1/2

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.