PRC-1 · Chapter 2 · Question 87 of 100
Which of the following describes an entry that would be recorded in a 'Journal Voucher' rather than a standard day book in a computerized system?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) The accrual of unpaid electricity expenses at year-end.
Explanation
Accruals are non-routine, non-cash adjustments that do not fit into the standard sales/purchases/cash categories. Thus, they are processed via the equivalent of a General Journal—a journal voucher.
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