Question

The purpose of the general journal is to show accounting events in their __________ sequence.

Answer 1

Answer:

Chronological

Explanation:

For accounting day to day business transactions, there is a proper sequence of accounting cycle i.e.

1. Transactions

2. Journal entries

3. ledger posting

4. Trial balance

5. Worksheet

6. Journal entries i.e. adjusted

7. Financial statements

8. Books closing

So it would be chronological