Question

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

Answer 1

Answer:

D. A complete record of all transactions in chronological order from which transaction amounts are posted to the ledger accounts.

Explanation:

A general journal -

It refers to a notebook , which helps to list all the transactions , any accounting information , in a regular manner , is referred to as a general journal .

The journal is used to get the information or data from the past for a specific date and time .

This enable to collect the data in a brief and precise manner .

Hence , from the given information of the question ,

The correct option is D.