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:

Concurrent Authority

Jurisdiction that is shared by different government bodies or courts, allowing more than one entity the power to regulate or enforce laws in the same area.

Doctrine

A principle or policy adopted in law or by an organization to guide decision-making and actions.

Full Faith And Credit Clause

The clause of the U.S. Constitution (Article IV, Section 1) mandating that each state must recognize, respect, and enforce the public records, legislative acts, and judicial decisions of the other states.

Constitution

The Constitution is the foundational legal document delineating the principles, functions, and organization of a government and its relationship with the governed.