Ask Question
BusinessBusiness
16 December, 12:40

The general journal is used to: a. post all accounting entries not posted in other individual journals. b. post all accounting entries c. post all accounting entries not involving cash. d. post only month end adjusting journal entries.

+1
Answers (2)
  1. 16 December, 15:07
    0
    A) post all accounting entries not posted in other individual journals.

    Explanation:

    A general journal is used to record all the transactions that are not recorded in the specialty journals. The most common specialty journals are:

    Sales journal Cash receipts journal Purchases journal Cash disbursements journal others depending on the business

    The sales journal generally includes transaction involving:

    Asset sales Depreciation Interest income and interest expense Stock sales

    The general journal is use to keep a chronological record of all the non-specialized entries.
  2. 16 December, 16:17
    0
    Answer: The general journal is used to post all accounting entries.

    Explanation:

    The general journal is the journal where all company transactions are recorded in. In other words, a general journal is the book of original entry where bookkeepers and accountants record business transactions according to the date the transactions take place.

    It is the initial place where transactions are recorded, every page in the journal is divided into columns for dates, debit or credit records, serial numbers etc. Some companies keep specialized journals, such as sales journals or purchase journals, which records only a particular type of transactions. When a transaction has been recorded in the general journal, the amount is then posted to the appropriate accounts.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The general journal is used to: a. post all accounting entries not posted in other individual journals. b. post all accounting entries c. ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
An employee receives an hourly rate of $25, with time and a half for all hours worked in excess of 40 during a week. Payroll data for the current week are as follows: hours worked, 45; federal income tax withheld, $350; social security tax rate, 6.
Answers (1)
Cash Received from Customers-Direct Method Sales reported on the income statement were $112,000. The accounts receivable balance decreased $10,500 over the year. Determine the amount of cash received from customers.
Answers (1)
the return to schooling for society is higher than the return to schooling for the individual if a. the concept of diminishing returns applies to education. b. the concept of constant returns to scale applies to education. c.
Answers (1)
As marketing vice president of Health Care Services, Inc., you must test the hypothesis that increasing the number of salespeople assigned to a territory will increase sales of health care services in the territory.
Answers (1)
Which is the best way to manage a credit card to ensure your financial health? A. Making the minimum monthly payment B. Keeping your balance as close as possible to the maximum allowed C. Paying the bill in full each month D.
Answers (1)
New Questions in Business
Which accounting assumption or principle is being violated if a company reports its corporate headquarter building at its fair value on the balance sheet? Monetary unit Full disclosure Historical cost Going concern
Answers (1)
A consumer is currently spending all of her available income on two goods: music CDs and DVDs. At her current consumption bundle, she is spending twice as much on CDs as she is on DVDs.
Answers (1)
at the end of the year, the walt disney company has a profit of $920 million. this profit belongs to which of the following group?
Answers (1)
In a large open economy, what is one of the reasons the demand curve for loanable funds is downward sloping
Answers (1)
During its first and second years of operations, Rogers Company, a corporation using a periodic inventory system, made undiscovered errors in taking its year-end inventories that overstated year 1 ending inventory by $80,000 and overstated year 2
Answers (1)
Home » Business » The general journal is used to: a. post all accounting entries not posted in other individual journals. b. post all accounting entries c. post all accounting entries not involving cash. d. post only month end adjusting journal entries.
Sign Up Forgot Password?