A ledger: Which of these statements about a journal is (SO 5) false? (a) It contains only

Question:

A ledger:

Which of these statements about a journal is (SO 5)

false?

(a) It contains only revenue and expense accounts.

(b) It provides a chronological record of transactions.

(c) It helps to locate errors because the debit and credit amounts for each entry can be readily compared.

(d) It discloses in one place the complete effect of a transaction.

(SO 6)

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Financial Accounting Tools For Business Decision Making

ISBN: 9780471730514

4th Edition

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

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Question Posted: Jul 05, 2024 10:02 AM

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A ledger: Which of these statements about a journal is (SO 5) false? (a) It contains only

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Financial Accounting Tools For Business Decision Making

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