Transactions entered in the payments journal will not allow the following

Question

Transactions entered in the payments journal will not allow the following -
A)recording of all necessary details surrounding the payment
B)editing the cheque number
C)entering a payment amount that is more than the outstanding balance to create a credit balance
D)editing the payment amount

Quizplus · Accepted Answer

Transactions in the payments journal typically do not allow entering a payment amount that exceeds the outstanding balance to create a credit balance, as this could lead to accounting discrepancies and is not a standard practice in accounting systems.