Which statement is incorrect regarding the general journal? (a) Only transactions that cannot be entered in a

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Which statement is incorrect regarding the general journal?

(a) Only transactions that cannot be entered in a special journal are recorded in the general journal.

(b) Transactions are initially posted in the general journal.

(c) The general journal may be used to record closing entries.

(d) Correcting and adjusting entries are made in the general journal.

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Accounting Principles

ISBN: 9780471980193

8th Edition

Authors: Jerry J Weygandt, Donald E Kieso, Paul D Kimmel

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Question Posted: May 09, 2024 08:45 AM

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Which statement is incorrect regarding the general journal? (a) Only transactions that cannot be entered in a

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Accounting Principles

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