A general journal
A) would be used to record monthly depreciation entries.
B) simplifies the process of recording large numbers of repetitive transactions.
C) records all detailed data for any general ledger account that has individual sub-accounts.
D) contains summary-level data for every account of the organization.
Answer: A
You might also like to view...
How could a fishbone chart be used to design a new process?
What will be an ideal response?
The Theta of an option is defined as:
A) expected change in the option premium for a small change in time to expiration. B) expected change in the option premium for a small change in volatility. C) expected change in the option premium for a small change in the spot rate. D) expected change in the option premium for a small change in the domestic interest rate.