What Relationship Exists Between the General Journal and the General

question 85

Multiple Choice

What relationship exists between the general journal and the general ledger?

• A)The general ledger accounts contain the same information as in the general journal, just in a different format.
• B)The balances in the general ledger will always equal those in the general journal.
• C)After all postings from the general journal are complete, the debit balances in the general ledger will rarely equal the credit balances.
• D)The number of accounts in the general journal will always be larger than the number of accounts in the general ledger.

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Definitions:

Timely

Occurring at a suitable or opportune time; well-timed.

Ambiguous

Lacking clarity or certainty, open to more than one interpretation, or vaguely defined.

Personal Gossip

The informal sharing of private or sensitive information about individuals within a social network without their permission, often leading to rumors or breaches of trust.

Vertical Communication

The exchange of information and messages between different levels of an organization's hierarchy, including upward and downward communications.