2 Which of the following statement is not true? A The format of special journals that a business uses depends on the nature of the business. B. A subsidiary ledger is a secondary ledger that supports a controlling account in the general ledger. C. The company should design different special journals to record every single kind of transaction, e.g. Revenue Journal. D When subsidiary ledgers are used, the primary ledger is then call the general ledger. A B O C D
2 Which of the following statement is not true? A The format of special journals that a business uses depends on the nature of the business. B. A subsidiary ledger is a secondary ledger that supports a controlling account in the general ledger. C. The company should design different special journals to record every single kind of transaction, e.g. Revenue Journal. D When subsidiary ledgers are used, the primary ledger is then call the general ledger. A B O C D
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:2 Which of the following statement is not true?
A,
The format of special journals that a business uses depends on the nature of the business.
B.
A subsidiary ledger is a secondary ledger that supports a controlling account in the general ledger.
C.
The company should design different special journals to record every single kind of transaction, e.g. Revenue
Journal.
D.
When subsidiary ledgers are used, the primary ledger is then call the general ledger.
A
В
O C
D
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