Journal entries are prepared
A) only at the end of the month.
B) only when cash is received or disbursed.
C) whenever there is a business transaction which will generate an entry.
D) only when financial statements are prepared.

Question

Quizplus · Accepted Answer

Journal entries are made whenever there is a business transaction that affects the financial statements, not just at specific times or under specific conditions. This ensures that all financial activities are recorded and accurately reflected in the company's accounting records.

Journal Entries Are Prepared