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Commerce · Q36

Miscellaneous in Commerce

Graduate and Post Graduate · Commerce · question 36

Q36

The following comments all relate to the recording process. Which of these statements is correct?

A.
The general ledger is a chronological record of transactions
B.
The general ledger is posted from transactions recorded in the general journal
Answer
C.
The trial balance provides the primary source document for recording transactions into the general journal
D.
Transposition is the transfer of information from the general journal to the general ledger

Answer: Option B

Solution

Answer: Option B
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