Bookkeeping Records

The General ledger is the record where all transactions are first recorded.
1. True
2. False
The Journals are often referred to as the Books Of Original Entry.
1. True
2. False
Special Journals are used to initially record and group special types of transactions
1. True
2. False
What Special Journal records all Cash paid out ?
1. General Journal
2. Cash Receipts Journal
3. Purchases Journal
4. Cash Payments Journal
5. Payroll Journal
What Special Journal records unusual and infrequent types of transactions ?
1. General Journal
2. Cash Receipts
3. Cash Payments
4. Sales Journal
What Special Journal records all sales made on account ?
1. General Journal
2. Cash Receipts Journal
3. Sales Journal
4. Purchase Journal
What Special Journal records all receipts of Cash ?
1. General Journal
2. Cash Receipts Journal
3. Cash Payments Journal
4. Purchases Journal
The summarized balances of the Journals are transferred (posted) to the General Ledger.
1. True
2. False
The General Ledger contains the Accounts listed in the Chart Of Accounts.
1. True
2. False