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:

Grievances

Formal complaints made by employees or unions regarding violations of contracts or unfair treatment in the workplace.

Arbitration

A dispute resolution process where an impartial third party, the arbitrator, makes decisions to resolve a dispute outside of court.

Mediator

A neutral third party who facilitates negotiations between conflicting parties with the aim of reaching a voluntary, mutually acceptable resolution.

Just Cause Clause

A provision in an employment contract requiring the employer to provide a legitimate reason for terminating an employee.