The explanation for a transaction in the general journal in a manual system is indented under the credit part of the entry.
Correct Answer:
Verified
Q62: A ledger account contains a complete record
Q63: In the general journal, all liability accounts
Q64: When preparing the trial balance, record the
Q65: One type of ledger account form has
Q66: Posting an entire transaction twice will cause
Q68: The process of transferring account amounts from
Q69: The general ledger shows a complete record
Q70: The Item column in the ledger is
Q71: To keep the fundamental accounting equation in
Q72: The official list of all the accounts
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents