The Item column in the general ledger is used to describe special entries not including the following entries?
A) Adjusting entries
B) Reversing entries
C) Correcting entries
D) Forwarding entries

Question

Quizplus · Accepted Answer

The Item column in the general ledger is used to describe special entries not including forwarding entries. Adjusting entries, reversing entries, and correcting entries are all examples of special entries that may be recorded in the Item column of the general ledger. Forwarding entries are not considered special entries and would not be recorded in the Item column.

The Item Column in the General Ledger Is Used to Describe