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Which of the following is false about a journal? It keeps

 

Customer Question

Which of the following is false about a journal?

It keeps in one place all the information about changes in specific account balances.

It discloses in one place the complete effects of a transaction.

It provides a chronological record of transactions.

It helps to prevent or locate errors because debit and credit amounts for each entry can be readily compared.

Submitted: 282 days and 8 hours ago.
Category: Single Problem
Value: $25
Status: CLOSED

Accepted Answer

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Expert:  linda_us replied 282 days and 8 hours ago.

Answer is It keeps in one place all the information about changes in specific account balances.

Expert TypeMaster's Degree
Category: Single Problem
Pos. Feedback: 100.0 %
Accepts: 591
Answered: 6/27/2012

Experience: Business Analyst and Solution Consultant with over 9 years of experience.

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