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Galina-37 [17]
3 years ago
8

What effect may result if specific account titles are not used in journalizing? the financial statements may be not be accurate?

Business
1 answer:
lapo4ka [179]3 years ago
8 0
If specific account titles are not used in journalizing<span>, the accountant may be confused in where </span>to credit or debit the specific transaction. Yes, <span>the financial statements may be not </span>be<span> accurate since there is possibility that the transaction was recorded to another account not appropriate for the specific transaction.</span><span> 
</span>
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