If a transaction cannot be recorded in a special journal it is
A) not a valid transaction.
B) recorded in the general journal.
C) already recorded elsewhere.
D) not a financial transaction.
Correct Answer:
Verified
Q98: Posting to the individual accounts in the
Q99: Having a sales journal means that only
Q100: Entries in the cash payments journal are
Q101: In order to have good internal control,
Q102: The sales journal is used to record
A)
Q104: HST is a combined or harmonized tax
Q105: The most common purchases on account include
A)
Q106: GST is a provincial tax on most
Q107: GST is 5% on most transactions.
Q108: The cash payments journal shows
A) all payments
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