Multiple Choice
Which of the following statements is true about a journal entry?
A) The Post.Ref.column is filled in prior to posting.
B) All credits are listed before any debits.
C) The name of the month should be repeated for each entry.
D) An explanation must follow each journal entry.
Correct Answer:
Verified
Correct Answer:
Verified
Q47: Which of the following transactions affects retained
Q48: One can obtain a clear picture of
Q49: Match each definition with the correct term
Q50: When a company purchases goods that it
Q51: Accounts Receivable and Accounts Payable are used
Q53: The most generally accepted value used in
Q54: Which of the following errors will cause
Q55: It is sometimes correct for a compound
Q56: Why is the Dividends account increased by
Q57: Wages payable is a type of liability.