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The General Journal and the General Ledger 3 STUDY GUIDE QUESTIONS PART 1 True/False For each of the following statements, circle T if the statement is true and F if the statement is false. T T T

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What is form general journal 3?

Form general journal 3 is a document used to record all financial transactions in chronological order.

Who is required to file form general journal 3?

All businesses and individuals who engage in financial transactions are required to file form general journal 3.

How to fill out form general journal 3?

Form general journal 3 should be filled out by entering the date, description of the transaction, and the debit and credit amounts.

What is the purpose of form general journal 3?

The purpose of form general journal 3 is to keep a detailed record of all financial transactions for accounting and tax purposes.

What information must be reported on form general journal 3?

Information such as the date of the transaction, description, and debit/credit amounts must be reported on form general journal 3.

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