MC Qu. 113 A general journal is:
A general journal is:| A ledger in which amounts are posted from a balance column account. | |
| Not required if T-accounts are used. | |
 | A complete record of each transaction in the place from which transaction amounts are posted to the ledger accounts. |
| Not necessary in electronic accounting systems. | |
| A book of final entry because financial statements are prepared from it. |
