Question

All of the following are significant contributions that the journal makes to the recording process except...

  1. All of the following are significant contributions that the journal makes to the recording process except the journal

    provides a chronological record of transactions.

    keeps complete information about changes in a specific account balance in one place.

    discloses the complete effect of a transaction in one place.

    helps prevent or locate errors because debits and credits can be readily compared.
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keeps complete information about changes in a specific account balance in one place.

The journal is the book of original entry or first entry. Every transaction is recorded in the journal first and then posted to its account. All transactions are recorded in a chronological order in a journal and it shows the complete effect on transaction by using debits and credits

Since the transactions are recorded in a chronological order, all transactions related to one account are not there in one place but scattered since recorded as and when changes take place

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