Asked by makayla porter on Apr 28, 2024
Verified
The process of recording a transaction in the journal is called journalizing.
Journalizing
The process of recording financial transactions in the accounting journal.
Journal
A basic accounting record where all the financial transactions of a business are initially recorded in chronological order before being posted to accounts in the ledger.
- Acknowledge the elements and targets of executing journal entries and updates in ledger accounts in accounting.
Verified Answer
MT
Monika TyczynskiApr 28, 2024
Final Answer :
True
Explanation :
Journalizing is the process of recording a transaction in the journal.
Learning Objectives
- Acknowledge the elements and targets of executing journal entries and updates in ledger accounts in accounting.