Which of the Following Is a Correct Statement

Multiple Choice

Which of the following is a correct statement?

A) Any type of business transaction may be recorded in the general journal.
B) Only compound journal entries are recorded in the general journal.
C) The word journalize means to transfer information from the general journal to the general ledger.
D) The use of a general journal eliminates the need for a general ledger.
E) None of the above