Multiple Choice
Which one of the statements below is not a purpose for the journal?
A) to show increases and decreases in accounts
B) to show chronological order of transactions
C) to show a complete transaction in one place
D) to help locate errors
Correct Answer:
Verified
Correct Answer:
Verified
Q32: Transactions are listed in the journal chronologically.
Q40: Debiting the cash account will increase the
Q79: The posting process will include the transfer
Q83: Record the following selected transactions for April
Q85: The stockholders' equity will be reduced by
Q86: Which of the following errors could cause
Q87: The following errors took place in journalizing
Q88: In the chart of accounts, the balance
Q114: The balance of the account can be
Q162: Which of the following errors, each considered