Which Statement Is False

question 79

Multiple Choice

Which statement is false?

• A) The general journal is still a necessity, even when special journals are used.
• B) If a cash payments journal is in use, postings are usually made only at the end of the month.
• C) All transactions involving the receipt of cash are recorded in the cash receipts journal.
• D) A purchase of a desk calculator for the office should not be recorded in the purchases journal.

---

Definitions:

Fiscal Policy

Government policies related to taxation and spending to influence the economy.

Treasury Department

A sector of the government responsible for managing government revenue, including producing coins and bills, issuing Treasury bonds, and other financial instruments.

Administration

The management and organization of all the activities of a government or institutional body.

Edward Snowden

Edward Snowden is a former National Security Agency contractor who leaked classified information in 2013, revealing global surveillance programs.