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 any transaction and 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 any transaction and the place from which transaction amounts are posted to the ledger accounts. It is considered as the book of original entry, where all the transactions are initially recorded before they are posted to the corresponding accounts in the ledger.

A General Journal Is