After transaction information has been recorded in the journal, it is transferred to the

A) chart of accounts.
B) statement of income.
C) book of original entry.
D) ledger.

Journal

A record where all financial transactions of a business are initially noted before they are transferred to ledger accounts.

Ledger

A comprehensive collection of a company's accounts, documenting all transactions and financial results.

Chart of Accounts

An organized list of all accounts in the general ledger of a company, each with a unique account number, used for recording transactions and preparing financial statements.