A General Journal Is

question 81

Multiple Choice

A general journal is:

• A) A ledger in which amounts are posted from a balance column account.
• B) Not required if T-accounts are used.
• C) A complete record of any transaction and the place from which transaction amounts are posted to the ledger accounts.
• D) Not necessary in electronic accounting systems.
• E) A book of final entry because financial statements are prepared from it.

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