Which of the following is entered in the general journal?...
Which of the following is entered in the general journal?
Purchase of goods
Sale of goods on credit
Returns inward
Acquisition of fixed assets
Correct answer is D
The general ledger should include the date, description and balance or total amount for each account. It is usually divided into at least seven main categories. These categories generally include assets, liabilities, owner's equity, revenue, expenses, gains and losses.
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