Asked by Mckenzie Saubert on Mar 10, 2024
Verified
Transactions are initially entered into a record called a journal.
Transactions
Economic activities or events that affect the financial position of a company and can be quantified in monetary terms.
- Comprehend the segments and objectives entailed in entering transactions in journals and posting to accounts in accounting.
Verified Answer
RI
Ramon IbarraMar 10, 2024
Final Answer :
True
Explanation :
This is true. Transactions are recorded in a journal before being transferred to a ledger.
Learning Objectives
- Comprehend the segments and objectives entailed in entering transactions in journals and posting to accounts in accounting.