Which of the Following Is False About a Journal

question 170

Multiple Choice

Which of the following is false about a journal?

• A) It discloses in one place the complete effects of a transaction.
• B) It provides a chronological record of transactions.
• C) It helps to prevent or locate errors because debit and credit amounts for each entry can be readily compared.
• D) It keeps in one place all the information about changes in specific account balances.

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Definitions:

Formal Reports

Detailed and structured reports often used in a professional setting to convey research, findings, and recommendations.

Visuals

Graphic elements such as diagrams, graphs, photographs, and videos that are used to support or convey information.

Significance

The importance or meaning of something, especially in terms of its impact or relevance.

Action Items

Specified tasks or activities that need to be completed, often identified in meetings or strategic plans to achieve particular objectives.