Question

All of the following are true regarding journal entries except?
(a) Journal entries show the effects of transactions
(b) Journal entries provide account balances (c) The debited account titles are listed first (d) Each journal entry should begin with a date.​

Answer 1

Answer:

a

Explanation:

Journal entries show the effects of transactions

Answer 2

JOURNAL ENTRIES

(A) Journal entries do not show effects of transactions

EXPLANATION:

* A journal is a book where transactions are documented first, if at all, as they occur. As a result, it's known as a book of original entries.

* All transactions recorded in the journal are then moved to the ledger, which is the account's main.

* It keeps track of each transaction's identification and presents a comprehensive picture of it in a single entry.