Which of the following is not a contribution of the general journal to the recording process? O helping to prevent or locate érror O determining net income O providing a chronological record of transaction O disclosing in one place the complete effect of a transaction

Which of the following is not a contribution of the general journal to the recording process? O helping to prevent or locate érror O determining net income O providing a chronological record of transaction O disclosing in one place the complete effect of a transaction

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter11: Auditing Inventory, Goods And Services, And Accounts Payable: The Acquisition And Payment Cycle

Section: Chapter Questions

Problem 3CYBK

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Question

Plz explain in detail.

Which of the following is not a contribution of the general journal to the recording process?
O helping to prevent or locate érror
O determining net income
O providing a chronological record of transaction
O disclosing in one place the complete effect of a transaction

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