A journal gives a complete record of each transaction in one place, and shows the debits and credits for each transaction.
举一反三
- The general journal provides a place for recording all of the following except____________. A: the transaction date B: the names of the accounts involved C: the amount of each debit and credit D: an explanation of the transaction E: the balance in each account
- A transaction code is assigned to each transaction in the SAP system.
- Double-entry accounting is an accounting system: () A: That records each transaction twice. B: That records the effects of transactions and other events in at least two accounts with equal debits and credits. C: In which each transaction affects and is recorded in two or more accounts but that could include two debits and no credits. D: That may only be used if T-accounts are used.
- Which of the following statement is true? A: In a given journal entry there may be ten debits and only one credit. B: When an expense account is debited some asset account must be credited. C: The journal and the ledger contain the same information. D: The ledger gives more details about a transaction than the journal does.
- Translate the following sentence from English into Chinese. When the transaction is recorded in the ledger, the debits and credits are entered in different accounts.