Which one of the statements below is not a purpose for the journal?
A) to show increases and decreases in accounts
B) to show a chronological order by date
C) to show a complete transaction in one place
D) to help locate errors

Question

Quizplus · Accepted Answer

The journal is primarily used to record transactions in chronological order, provide a complete transaction record, and help locate errors, but it does not specifically show increases and decreases in accounts; that is the purpose of the ledger.

Which One of the Statements Below Is Not a Purpose