Book of entries
Book of original entries
T account
Book of economic events
Answer is Wrong!
Answer is Right!
The correct answer is: A. Book of entries.
A journal is a book of original entry, which means that it is the first place where financial transactions are recorded. Journal entries are recorded in
chronological order, and they provide a detailed description of each transaction.A T account is a simple way of representing a financial account. It consists
of two columns, one for the debit balance and one for the credit balance. The total of the debits must equal the total of the credits.A book of economic events is a more general term for any book that records financial transactions. This could include a journal, a ledger, or a trial balance.
In conclusion, a journal is also referred to as a book of entries because it is the first place where financial transactions are recorded.