A general journal provides a place for recording all of the following except:
A)The transaction date.
B)The names of the accounts involved.
C)The amount of each debit and credit.
D)An explanation of the transaction.
E)The balance in each account.

Question

Quizplus · Accepted Answer

A general journal records the transaction date, names of the accounts involved, amount of each debit and credit, and an explanation of the transaction. However, it does not record the balance in each account – that information is typically found in the individual account ledgers.

A General Journal Provides a Place for Recording All of the Following