Which of these statements about a journal is false? (a) It contains only revenue and expense accounts.

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Which of these statements about a journal is 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.

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Accounting Tools For Business Decision Making

ISBN: 9780470534786

4th Edition

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

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Question Posted: Jun 10, 2024 01:02 AM

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Which of these statements about a journal is false? (a) It contains only revenue and expense accounts.

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Accounting Tools For Business Decision Making

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