Only transactions that do not affect cash may be recorded in

Only transactions that do not affect cash may be recorded in the general journal
True or false
Only transactions that do not affect cash may be recorded in the general journal
True or false
True or false

Solution

The statement is true. All the non cash transactions are included in general ledger like depreciation, bad debts or any other non cash transactions. For cash transactions there are special ledger like cash receipts and cash payment transactions.

 Only transactions that do not affect cash may be recorded in the general journal True or false Only transactions that do not affect cash may be recorded in the

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