A transaction is initially recorded in the journal, and then subsequently posted to the general.

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26-08-2022
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A transaction is initially recorded in the journal, and then subsequently posted to the general.

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okpalawalter8 okpalawalter8 · Answer 1 · 2022-08-31T16:00:49+02:00

A transaction is initially recorded in the journal, and then subsequently posted to the general ledger

This is further explained below.

What is a ledger?

Generally, A book or group of accounts in which transactions pertaining to those accounts are documented is referred to as a ledger.

Each account has a carry-forward balance or a starting balance, and it would record each transaction as either a debit or a credit in distinct columns, as well as the account's ending or closing amount.

In conclusion, When a transaction occurs, it is first written down in the journal, and then it is later entered into the general ledger.