The most flexible type of journal that can be used to record any kind of transaction is called a
A) Ledger
B) Trial balance
C) Chart of accounts
D) General Journal
E) Balance column account

Question

Quizplus · Accepted Answer

The General Journal is the most flexible type of journal as it can be used to record any type of transaction. It does not have a pre-defined format and can accommodate entries for all types of accounts. The other options are specific types of financial statements and have stricter formats for recording transactions.

The Most Flexible Type of Journal That Can Be Used