A general journal
A) chronologically lists transactions and other events, expressed in terms of debits and credits.
B) contains one record for each of the asset, liability, stockholders' equity, revenue, and expense accounts.
C) lists all the increases and decreases in each account in one place.
D) contains only adjusting entries.

Question

Quizplus · Accepted Answer

A general journal is used to chronologically list transactions and events in terms of debits and credits. It is not used to record a separate record for each account or for adjusting entries specifically.

A General Journal