Assertion: general ledger's transaction | /r/HasProperty | recorded in general journal
Facets:
value: sequentially
type: MANNER
Source sentences:
text: Once a transaction is recorded in a general journal, the amounts are then posted to the appropriate accounts, such as accounts receivable, equipment, and cash transactions.
text: Once the transactions are recorded in the General Journal, the next step is to transfer these transactions to their specific accounts called ledger accounts.
text: These transactions are recorded in the general journal first, and typically include more information than is included in the accounting ledger; the balance of each account is not included.
text: Once a transaction is recorded in the general journal, the amounts are then posted to the appropriate accounts in the general ledger.
text: These other transactions are recorded in the general journal.
text: After these relatively few transactions are recorded in the general journal, the amounts will be posted to the accounts indicated.
text: In the general journal, the financial transactions must be recorded sequentially.
text: In the general journal, financial transactions must be recorded in the chronological order, whereas in general ledger, these financial transactions must have to be recorded in an analytical order.
text: Transactions are first recorded in the general journal and then transferred, or posted, to the ledger, which stores all the chart of accounts of a business.
text: In set intervals, such as weekly or monthly, the transactions recorded in the general journal are posted to the individual accounts in the nominal ledger.
text: While this posting of journalized transactions in the general ledger at first may appear to be redundant since the transactions already are recorded in the general journal, the general ledger serves an important function: it allows one to view the activity and balance of each account at a glance.
text: A transaction must be recorded in the general journal, or one of the other special journals.