Which of the following is entered in the general journal?

A. purchase of goods
B. sale of goods on credit
C. returns inward
D. acquisition of fixed assets

Correct Answer: Option D

D. acquisition of fixed assets

Explanation

The general ledger should include the date, description, and balance or total amount for each account. It is usually divided into at least seven main categories. These categories generally include assets, liabilities, owner’s equity, revenue, expenses, gains, and losses.