Multiple Choice
The proper format for a journal entry includes all of the following, except:
A) the total amounts of debits must equal the total amount of credits.
B) skip a line between transactions.
C) the credit portion of the transaction is always indented.
D) listed in the order of highest dollar value.
Correct Answer:
Verified
Correct Answer:
Verified
Q115: A credit to a Liability account was
Q116: The trial balance listing is in the
Q117: If the business records a number as
Q119: The general ledger:<br>A) is after the trial
Q120: Define and discuss a calendar year, accounting
Q121: How are credits distinguished from debits in
Q122: "PR" in the general journal and general
Q123: Interim statements are prepared to:<br>A) notify management
Q124: Correctly posting a transaction twice will cause
Q210: The process of transferring the data from