Which term means recording transactions in a journal?

• A. Journal
• B. Journalizing
• C. General journal
• D. Accounts payable

Answer: (B)

Recording transactions in a journal is called journalizing. This term describes the act of entering each transaction into the accounting journal, noting the date, the accounts affected, and the debit and credit amounts. The journal itself is the book where these entries are kept, but the action of putting the transactions into the journal is journalizing. A general journal is simply a type of journal used for miscellaneous or non-routine entries. Accounts payable is a liability account that represents what the company owes to suppliers, not the recording process. So the best term for the action of recording into the journal is journalizing.