Question

Which of the following statements best describes a

Q: Answer-Which of the following statements best describes a journal in accounting?

A journal is a book of original entry that records all transactions in chronological order. Each entry in the journal includes the date of the transaction, the accounts affected, and the amount of the transaction.

journal in accounting?

A A book that records all transactions in chronological order

B A statement of financial position of a company

C A summary of all the transactions in a given period

D A record of all the debits and credits in a ledger account

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UPSC EO/AO

Which of the following statements best describes a

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