- 1 Marks
FA – Nov 2023 – L1 – SA – Q11 – Recording Financial Transactions
Describe the primary purpose of the general journal in accounting.
Question
The primary purpose of the general journal in accounting is to:
- A. Record transactions from books of prime entry
- B. Record year-end adjustments only
- C. Correct errors in personal ledgers
- D. Provide a record and explanation of various adjustments
- E. Serve as the primary book of entry for all financial transactions
Find Related Questions by Tags, levels, etc.
- Tags: Accounting Records, General Journal, Transactions
- Level: Level 1
- Topic: Recording Financial Transactions
- Series: NOV 2023
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