Which of the following is NOT a true statement?a. Transactions are recorded on source documents and are posted to journals.b. Transactions are recorded in journals and are posted to ledgers.c. Infrequent transactions are recorded in the general journal.d. Frequent transactions are recorded in special journals.

Which of the following is NOT a true statement?a. Transactions are recorded on source documents and are posted to journals.b. Transactions are recorded in journals and are posted to ledgers.c. Infrequent transactions are recorded in the general journal.d. Frequent transactions are recorded in special journals.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter5: Completing The Accounting Cycle

Section: Chapter Questions

Problem 3MC: If a journal entry includes a debit or credit to the Cash account, it is most likely which of the...

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