Which of the following is a limitation when using a journal entry? A. You cannot post journal
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Question:
Which of the following is a limitation when using a journal entry?
A. You cannot post journal entries to the opening balance equity account
B. You cannot adjust sales tax using a journal entry
C. You cannot use journal entries to record inventory quantities
D. You cannot use journal entries to enter opening balances
Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
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