The most flexible type of journal that can be used to record any kind of transaction is called a:
A)Trial balance.
B)General Journal.
C)Ledger.
D)Chart of accounts.
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 is used to record infrequent or non-routine transactions, adjusting entries, and correcting entries. The other options listed are not as flexible as the General Journal in terms of the types of transactions they can record.

The Most Flexible Type of Journal That Can Be Used