Which of the Following Statements Is NOT True? the Book

question 64

Multiple Choice

Which of the following statements is NOT true? The book of original entry

• A) provides a chronological record of transactions.
• B) helps prevent and locate errors.
• C) is the same as the chart of accounts.
• D) helps ensure debits equal credits.

---

Definitions:

Duty-Based Ethics

An ethical philosophy rooted in the idea that every person has certain duties to others, including both humans and the planet. Those duties may be derived from religious principles or from other philosophical reasoning.

Duties

Obligations or responsibilities imposed by law, contract, or societal norms.

Ethics

A branch of philosophy dealing with what is morally right or wrong, encompassing moral principles that govern an individual's behavior or conducting an activity.

Law

A set of guidelines established and implemented by societal or government bodies to control conduct.