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14 after transactions are recorded in the journal, they are posted to the multiple choice financial statements chart of accounts general ledger trial balance
In accounting, the general - ledger is the next step after journal entries. Journal entries record transactions chronologically, and then these are posted to the general ledger which organizes transactions by account. Financial statements are prepared later using information from the general ledger. The chart of accounts is a list of all accounts used by a company and is not where transactions are posted from the journal. A trial balance is a list of account balances used to check for errors and is prepared after transactions are posted to the general ledger.
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C. General ledger