Which of the Following Statements About Journal Entries Is False

Which of the following statements about journal entries is false?

A) The general journal only refers to asset, liability and owners equity accounts.
B) The general journal provides a complete record of each transaction.
C) The general journal provides a chronological record of transactions.
D) The general journal often records the number of each account affected by transactions.
E) The general journal can assist in the location of accounting errors.

Correct Answer:

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