Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 46 - No. 4)
Which of the following transactions would typically be recorded in the general journal?
Depreciation of non-current assets.
Sales of goods on credit
The initial investment of capital by the business owner.
Petty cash transactions.
Explanation
The general journal is for unusual or infrequent transactions not recorded in special journals. Depreciation is an example of these, as well as initial capital or loan activities.
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