The general journal is also called the book of final entry.Select one:TrueFalse

The statement "The general journal is also called the book of final entry" is False.

Explanation:

1. Definition of General Journal: The general journal is the primary record of all financial transactions of a business. It is where transactions are initially recorded in chronological order.

2. Book of Final Entry: The term "book of final entry" typically refers to the general ledger, where balances from all journals are recorded and summarized.

Therefore, the general journal serves as the initial point of entry for transactions, which are later posted to the general ledger, making the latter the book of final entry.