Multiple Choice
Which of the following statements is not necessarily true about a journal entry?
A) Liabilities are indented.
B) An explanation follows the journal entry.
C) The Post. Ref. column is left blank until the entry is posted.
D) All debits must be recorded before any credits.
Correct Answer:
Verified
Correct Answer:
Verified
Q11: Another name for the ledger is the
Q15: Which of the following accounts will not
Q16: Which of the following accounts is decreased
Q17: Which of the following accounts is increased
Q19: The recognition issue deals with when a
Q21: Given the following ledger account and postings,
Q22: Which of the following accounts is increased
Q23: Which of the following accounts might be
Q34: The primary purpose of the trial balance
Q167: Which of the following errors will not