Which statement is false?

A) The general journal is still a necessity, even when special journals are used.
B) If a cash payments journal is in use, postings are usually made only at the end of the month.
C) All transactions involving the receipt of cash are recorded in the cash receipts journal.
D) A purchase of a desk calculator for the office should not be recorded in the purchases journal.


B

Business

You might also like to view...

A physician, dentist, engineer, or chemist endorsing a particular brand's advantages would typically be found in a slice-of-life execution

Indicate whether the statement is true or false

Business

The total cost of ownership (TCO) can be categorized into three areas: acquisition costs, ownership costs, and post-ownership costs.

Answer the following statement true (T) or false (F)

Business

When developing a table, the footnotes should come after the source notes

Indicate whether the statement is true or false

Business

What is the optimum balance between task and social behaviors?

a. 10% toward task and 90% toward social behaviors. b. 10% toward social and 90% toward task behaviors. c. 50% toward social and 50% toward task behaviors. d. It depends on the characteristics of the task and group.

Business