Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 14 - No. 16)
1. What is the general journal and what is it used for?
A record of all transactions in a business
A record of all transactions in a business, used to summarize transactions
A record of all transactions in a business, used to record transactions in chronological order
A record of transactions for items bought by a business
Explanation
The general journal is a chronological record of all transactions.
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