Unlock document.
This document is partially blurred.
Unlock all pages and 1 million more documents.
Get Access
Chapter 04 - The General Journal and the General Ledger
Chapter 04
The General Journal and the General Ledger
1. When transactions are entered in a general journal, the asset accounts are listed first,
followed by the liability and owner's equity accounts.
2. When a transaction is entered in a general journal, the first account title is indented about
half an inch from the left margin of the Description column.
3. A ledger account contains a complete record of the individual transaction activity in each
account.
4-10
© 2012 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in
any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or part.
32. Which of the following statements is not correct?
33. When an entry is made in the general journal,
34. When an entry is made in the general journal,
