menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    College Accounting
  4. Exam
    Exam 4: Journalizing and Posting Transactions
  5. Question
    Transactions Which Do Not Affect the Cash Account Do Not
Solved

Transactions Which Do Not Affect the Cash Account Do Not

Question 52

Question 52

True/False

Transactions which do not affect the cash account do not need to be entered in the journal,since they do not affect net income or loss.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q47: Purchase invoices received from suppliers provide information

Q48: All transactions must be posted before preparing

Q49: The steps in the journalizing process include

Q50: Each entry in the journal affects two

Q51: Journalizing does NOT include<br>A) debiting account(s)that are

Q53: Corrections in accounts should NOT be<br>A) traceable.<br>B)

Q54: Instead of T accounts,businesses are more likely

Q55: Copies of sales tickets or sales invoices

Q56: Purchase invoices received from suppliers provide information

Q57: A two-column journal has only two amount

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines