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  • Accounting : Journalizing Transactions Online Quiz
  • Every business uses the same journal to record transactions
Multiple choice

Every business uses the same journal to record transactions

  1. true

  2. false

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Businesses use different types of journals (general, sales, purchases, cash receipts, cash payments) depending on the volume and nature of their transactions.

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