Which of the following is not a status of an accounting journal?

The status of an accounting journal reflects its current stage in the accounting process and how it interacts with the financial reporting system. "Posted," "Created," and "In Progress" are all recognized statuses.

When a journal is "Created," it indicates that it has been set up and is ready for further action. "In Progress" suggests that the journal entries are being completed but are not yet finalized. "Posted" means that the journal entries have been finalized and recorded in the general ledger, which is essential for accurate financial reporting.

In contrast, "Approved" is not typically considered a standard status for accounting journals. While approval is an important step in various processes, the specific label of "Approved" does not usually apply to accounting journal statuses in the same way the other terms do. Instead, journals usually go through the aforementioned statuses leading up to the posting phase, without a distinct "Approved" classification in most accounting systems.