Outline the purpose of the general journal. How likely is it that it will be used for all transactions? Is it a necessary part of the recording process? Outline the purpose of the general journal. Choose the correct answer below. A. The general journal records and measures the financial position of a business at a particular point in time. B. The general journal records transactions and provides a narrative that helps the reader understand the transactions that happened. C. The general journal records and measures the revenues and expenses over the course of an accounting period. D. The general journal provides detailed accounts for a business. How likely is it that a general journal will be used for all transactions and is the general journal a necessary part of the recording process? Choose the correct answer below. O A. It is impossible that a general journal will be used for all transactions because it is not a part of the recording process. In practice, records are computerised and the general journal is not used. O B. It is unlikely that a general journal will be used for all transactions because it is not a necessary part of the recording process. Since a host of different books of original entry can be used, the general journal is seldom used to record any transactions. C. It is likely that a general journal will be used for all transactions but it is not a necessary part of the recording process. Since a host of different books of original entry can be used, the general journal does not have to be used for all transactions. OD. It is certain that a general journal will be used for all transactions because recording in the general journal is a required part of the recording process