Examlex
Which of the following is NOT true?
Purchases Journal
A specialized accounting journal used to record all purchases of merchandise, supplies, or other goods on credit.
Correcting Entries
Adjustments made in accounting records to amend errors or omissions.
General Journal
A fundamental accounting document where all kinds of financial transactions are initially recorded before they are transferred to specific accounts in the ledger.
Special Journal
A type of accounting journal designed for recording a specific type of transaction in a more efficient manner.
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