A transaction recorded in a journal is not considered a permanent record
Reveal answer
Fill a bubble to check yourself
Keep practicing — related questions
- Transactions are recorded in a journal in chronological order
- Every business uses the same journal to record transactions
- Entering transactions in a journal is called posting.
- Where forged notes or counterfeit currency has been used as genuine, record of such transactions is require...
- In which of the following classifications of the degree of durability, a transaction commits as soon as its...
- Consider the following statements: 1. Steel can be used to make permanent magnets. 2. Glass is a good condu...
- Consider the following statements: 1. Permanent magnets can be damaged by excessive heating. 2. Magnetic co...
- Consider the following statements regarding Root apex: (a) It develops from permanent tissue which regains ...