Debit and credit items from the journal are transferred to the respective accounts in the __________.
A
Compound journal
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B
Ledger
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C
Trial balance
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D
None of the above
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Solution
The correct option is B Ledger All the accounting transactions are first recorded in journal in chronological order. These journal entries are to be transferred to individual account opened in ledger. All the debit and credit items to be transferred to individual ledger account.