All of the following are true regarding journal entries except ........

Principles of Accounting & Financial Management Accounting cycles

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All of the following are true regarding journal entries except?

Journal entries show the effects of transactions

Journal entries provide account balances

The debited account titles are listed first

Each journal entry should begin with a date

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Explanation:

A journal is a chronological (arranged in order of time) record of business transactions. A journal entry is the recording of a business transaction in the journal. A journal entry shows all the effects of a business transaction as expressed in debit(s) and credit(s) and may include an explanation of the transaction. A transaction is entered in a journal before it is entered in ledger accounts. Because each transaction is initially recorded in a journal rather than directly in the ledger, a journal is called a book of original entry.