A "force majeure clause" sets damages in advance for failure to perform

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.

Special journals make record keeping more efficient

Indicate whether the statement is true or false