Accountıng I Deneme Sınavı Sorusu #1172525

Which is NOT TRUE about journal?


It is referred to as the book of original entry.

In journal debits are listed second.

Transactions are recorded in chronological order.

It includes titles and references (codes) of accounts used to record transactions.

It contributes to the recording process in terms of disclosing the details of transactions in one place.


Yanıt Açıklaması:

Journal entries include debit and credit effects of each transaction. In a journal entry, debits are ALWAYS entered first, and credits are INDENTED and listed second

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