If a Transaction Cannot Be Recorded in a Special Journal

question 141

Multiple Choice

If a transaction cannot be recorded in a special journal

• A) the company must refuse to enter into the transaction.
• B) it is recorded in the general journal.
• C) it is recorded directly in the accounts in the general ledger.
• D) it is recorded as an adjustment on the work sheet.

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Definitions:

Provincial Court

is a low level court which deals with less serious criminal offenses, family law (except divorce), and civil cases of limited value, within a specific province or territory.

Alberta

A province in western Canada, known for its vast forests, prairies, and rich natural resources.

Judge-made Law

Refers to legal principles and rules that have been established by court decisions (common law) rather than by legislative enactment.

Legal System

The comprehensive framework of rules and institutions established by a society to regulate conduct, resolve disputes, and enforce laws.