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:

Logical Consistency

The attribute of an argument, theory, or system of thought in which all its components fit together without contradiction.

Observation

The active acquisition of information from a primary source.

Empiricism

A philosophy that states knowledge comes primarily from sensory experience.

Behaviourism

A theory of learning which states that all behaviors are acquired through conditioning processes influenced by the environment, without the need for thoughts or feelings.