A general journal is:
A)A ledger in which amounts are posted from a balance column account.
B)Not required if T-accounts are used.
C)A complete record of each transaction in the place from which transaction amounts are posted to the ledger accounts.
D)Not necessary in electronic accounting systems.
E)A book of final entry because financial statements are prepared from it.

Question

Quizplus · Accepted Answer

A general journal is a complete record of each transaction in the place from which transaction amounts are posted to the ledger accounts. It is used to record transactions that cannot be recorded in a specialized journal and is necessary to maintain accurate accounting records.

A General Journal Is