The correct answer is A. Chronological basis.
Transactions are recorded in the journal in chronological order, with the oldest transaction at the top and the newest transaction at the bottom. This allows for easy tracking of transactions and helps to ensure that all transactions are recorded in the correct order.
Option B, Analytical basis, is incorrect because transactions are not recorded on an analytical basis. An analytical basis would involve grouping transactions together based on their type or purpose. This is not the way that transactions are recorded in the journal.
Option C, Convenience basis, is incorrect because transactions are not recorded on a convenience basis. A convenience basis would involve recording transactions whenever it is convenient to do so. This is not the way that transactions are recorded in the journal.
Option D, Selective basis, is incorrect because transactions are not recorded on a selective basis. A selective basis would involve recording only certain transactions. This is not the way that transactions are recorded in the journal.