Which of the Following Statements Regarding Special Journals Is Not

question 69

Multiple Choice

Which of the following statements regarding special journals is not true?

• A)The balances in a special journal must always reconcile to the general ledger.
• B)Special journals are used to record large numbers of repetitive transactions.
• C)Special journals are periodically summarized and posted to the general ledger.
• D)Special journals provide a specialized format for recording similar transactions.

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Definitions:

Consistent

Showing steady conformity to a particular pattern, standard, or set of rules over time.

Over Time

A period extending beyond the usual hours of work, often associated with additional pay; or gradually through a period.

Implicit Contract

An unwritten and unspoken agreement between individuals, often based on common norms or expectations.

Formal Contract

A legally binding agreement between parties, outlined in a document with specific terms and conditions.