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APA FPC-Remote Exam - Topic 7 Question 23 Discussion

Where should a firm's business transactions FIRST be recorded?
C) Journal
A) Balance Sheet
B) General Ledger
D) Trial Balance

APA FPC-Remote Exam - Topic 7 Question 23 Discussion

Actual exam question for APA's FPC-Remote exam
Question #: 23
Topic #: 7
[All FPC-Remote Questions]

Where should a firm's business transactions FIRST be recorded?

Show Suggested Answer Hide Answer
Suggested Answer: C

Comprehensive and Detailed Explanation:

A Journal (Option C) is the first place where transactions are recorded chronologically, before being posted to the General Ledger.

Option A (Balance Sheet) is incorrect because it is a financial statement, not a transaction log.

Option B (General Ledger) is incorrect because transactions must first be recorded in a journal before being posted.

Option D (Trial Balance) is incorrect because it is a summary of ledger balances used for reconciliation.


GAAP Accounting Principles -- Transaction Recording

Payroll.org -- Payroll Accounting Workflow

by Janey at Jun 18, 2026, 09:30 AM

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Alberta
3 days ago
But what about B) General Ledger? Isn't that where they get organized later?
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Billye
8 days ago
Agreed, Alex! Transactions go into the Journal first.
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Tish
14 days ago
I think it should be C) Journal. That's where everything starts.
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Carmen
19 days ago
Journal is the correct answer, no doubt!
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Twana
24 days ago
Really? I thought it was the Trial Balance.
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Alfreda
29 days ago
Wait, isn't it the General Ledger?
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Elena
1 month ago
I agree, transactions go in the Journal first.
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Billye
1 month ago
It's definitely the Journal!
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Beatriz
1 month ago
The Trial Balance seems too late in the process, so I guess it has to be the Journal.
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Giovanna
2 months ago
I'm a bit confused; I thought the General Ledger was where everything goes after the Journal.
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Virgilio
2 months ago
I remember practicing a similar question, and I think the Journal is definitely the right answer.
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Darrin
2 months ago
I think the transactions should be recorded in the Journal first, but I'm not completely sure.
upvoted 0 times
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