Which of the Following Is TRUE of the General Journal

question 77

Multiple Choice

Which of the following is TRUE of the general journal?

• A) All transactions recorded in one of the special journals are also recorded in the general journal.
• B) Manual accounting information systems do not need the general journal.
• C) The adjusting entries and the closing entries are recorded in the general journal.
• D) Non-routine transactions are generally not recorded in the general journal.

Reconcile checkbook balances with bank statements, accounting for outstanding transactions.

Plan regular savings contributions to achieve short-term and long-term financial goals.

Solve problems involving regular deposits and interest compounding for growing savings.

Understand the composition and the most common elements of the Earth's crust and mantle.

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Definitions:

Postconventional Level

A stage in Kohlberg’s theory of moral development where individuals make moral decisions based on universal ethical principles and internal beliefs, rather than conforming to societal rules.

Moral Development

The process through which individuals evolve their understanding of morality, often conceptualized as progressing through stages from basic, concrete notions of right and wrong to more abstract, principled reasoning about ethics.

Personal Code

A set of principles or ethics that an individual chooses to live by, guiding decisions and behaviors according to personal beliefs and values.

Ethics

A branch of philosophy dealing with the moral principles that govern a person's behavior or conducting of an activity.