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A __________ is a day-by-day, or chronological, record of transactions
Suggested Answer: B
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17 comments · newest first
MI
Minna
1 month ago
Good point, Chris. Journals are the first step in accounting.
CH
Chaya
1 month ago
I chose D) Ledger, but now I see the difference.
EL
Elizabeth
1 month ago
Yes, I remember learning that in class. Journals are essential!
MA
Malcom
2 months ago
I feel confident about B) Journal. It’s straightforward.
MI
Michael
2 months ago
True, but a ledger summarizes, while a journal details.
DA
Dalene
2 months ago
I was torn between B) Journal and D) Ledger. Both seem similar.
RO
Rosio
2 months ago
Agreed, Alex. A journal records transactions chronologically.
NA
Naomi
2 months ago
I think the answer is B) Journal. It fits the definition.
TI
Tien
3 months ago
Totally agree with Rosendo, it's a journal for sure!
CL
Clare
3 months ago
Wait, is it really called a journal? Sounds off to me.
CA
Carlton
3 months ago
A journal records transactions in order, true!
TA
Tasia
3 months ago
I thought it was D) Ledger. Aren't they similar?
RO
Rosendo
3 months ago
Definitely B) Journal! That's the right term.
AF
Afton
3 months ago
I’m leaning towards B) Journal too. It just makes sense for day-to-day transactions, but I hope I’m not mixing it up with checkbooks!
IN
Inocencia
4 months ago
I’m a bit uncertain here. Could it also be D) Ledger? I know ledgers are used for accounts, but I’m not clear on the chronological part.
YV
Yvonne
4 months ago
I feel like I’ve seen a similar question before, and I think a journal is definitely the right term for a chronological record.
FL
Flo
4 months ago
I think the answer might be B) Journal, but I'm not entirely sure. I remember something about journals being used for recording transactions.