A chronological record of transactions may be found in ________.

trial balance

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journal

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balance sheet

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ledger

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Solution

The correct option is B journal
Journal is the book of prime entry. Transactions are recorded in order of occurrence of the financial transactions i.e. in the chronological order.

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Similar questions

Q. A chronological record of transaction may be found in _______.

Q. A book containing a chronological record of business transaction & original record is called a _________.

Q. _______ is a book in which all the business transactions are originally recorded in chronological order and from which they are posted to the ledger accounts at any convenient time.

Q. Which of the followings shows the chronological record of transactions ?

State true or false:

1) A Trial balance is an account.
2) A Trial balance is helpful for preparation of final accounts.
3) A Trial balance is most important document.
4) A Trial balance may be prepared on any date.
5) In Trial balance opening stock is recorded in credit balance column.
6) Both sides total of an account are taken in Gross Trial Balance.
7) Purchase account always shows debit balance.
8) A Trial balance is a List of Ledger balances.
9) A Trial balance does not ensure accounting accuracy.
10) A Trial balance shows only arithmetical accuracy.

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A chronological record of transactions may be found in ________.

The correct option is B journalJournal is the book of prime entry. Transactions are recorded in order of occurrence of the financial transactions i.e. in the chronological order.

The correct option is B journal
Journal is the book of prime entry. Transactions are recorded in order of occurrence of the financial transactions i.e. in the chronological order.