A general journal is:
A) A ledger in which amounts are posted from a balance column account.
B) A complete record of all transactions in chronological order from which transaction amounts are posted to the ledger accounts.
C) Not required if T-accounts are used.
D) A book of final entry because financial statements are prepared from it.
E) Not necessary in electronic accounting systems.

Question

Quizplus · Accepted Answer

A general journal is a book of original entry that records all transactions in chronological order before posting them to the ledger accounts. It is a complete record of all transactions and is important for accurate financial reporting.

A General Journal Is