Where should a firm’s business transactions FIRST be recorded?

Comprehensive and Detailed Explanation:

A Journal (Option C) is the first place where business transactions are recorded in chronological order

before posting to the General Ledger.

Option A (Balance Sheet) is incorrect because it is a financial statement, not a transaction log.

Option B (General Ledger) is incorrect because transactions must first be recorded in a journal before

being posted.

Option D (Trial Balance) is incorrect because it is a summary of ledger balances used for

reconciliation.

Reference:

GAAP Accounting Principles – Transaction Recording Process

Payroll.org – Payroll Accounting Workflow