Which statement is not true?
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.
Correct Answer:
Verified
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Q68: Several accounts are listed below:
a.Purchases Returns
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Q71: The following are selected data for
Q72: Selected adjusting entries follow:

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