7
Question
The process of recording a transaction in the journal is called __________.
The process of recording a transaction in the journal is called __________.
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Solution
The correct option is B journalising
A journal may be
defined as the book of original or prime entry containing a chronological
record of the transactions from which posting is done to the ledger. The
transactions are recorded first in the journal in the order in which they
occur. The process of recording the transactions in a journal is called as
journalizing.
A journal may be defined as the book of original or prime entry containing a chronological record of the transactions from which posting is done to the ledger. The transactions are recorded first in the journal in the order in which they occur. The process of recording the transactions in a journal is called as journalizing.
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