Accounting · Introduction to Journal
Which of the following statements is INCORRECT in the context of a journal in accounting?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Transactions are recorded in a journal in chronological order.
- 2The journal is often referred to as the Principal Book of Entry.✓
- 3The journal proper records transactions like expense accruals, rectification entries, and closing entries.
- 4A journal is divided into two main types: General Journal and Special Journals.
Correct answer
The journal is often referred to as the Principal Book of Entry.
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Preparing for Accounting?
Practice full-length Accounting mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Introduction to Journal MCQs →Want more practice questions on Introduction to Journal?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Accounting · Introduction to Journal