The most logical reason to use a journal instead of T accounts is
A) it makes finding errors easier.
B) it keeps all transactions categorized by type.
C) only one book is needed for all of a firm's bookkeeping needs.
D) a journal consists of removable pages.
Correct Answer:
Verified
Q4: If you debit Prepaid Insurance, you most
Q5: When recording a transaction in a journal,
Q6: A journal entry affecting three or more
Q7: Business transactions are first recorded in the
A)
Q8: Revenue is traditionally recognized in the accounting
Q10: The process of initially recording business transactions
Q11: The process that begins with recording business
Q12: The time period for which the income
Q13: How are explanations distinguished in the journal?
A)
Q14: The journal entry debiting Cash and crediting
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