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.

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Definitions:

Means-tested Benefit

Government assistance programs that provide benefits based on the recipient's income and assets, ensuring aid goes to those in financial need.

Entitlement

A government program guaranteeing access to benefits by members of a specific group and based on established rights or by legislation.

Policy Feedback

The process by which existing policies influence future political behavior, public attitudes, and policy formulations.

Elite Democratic

A form of democracy that emphasizes the role of elected representatives or elites in making major decisions, rather than direct participation by the general populace.