For both accounts and amounts, the standard formatting for a journal entry lists:
A. credits first and then debits, indented underneath.
B. debits first and then credits, both aligned to the right.
C. debits first and then credits, indented to the right underneath.
D. credits first and then debits, both aligned to the left.
Answer: C
You might also like to view...
Which of the following was an outcome of the announcement made by the U.S. government in October 2001 that it will stop selling 30-year bonds?
A. There was a sharp fall in the price of the securities and an increase in the yield to maturity. B. There was a sharp rise in the price of the securities and a decline in the yield to maturity. C. There was a sharp rise in the price of the securities and an increase in the yield to maturity. D. There was a sharp fall in the price of the securities and a decline in the yield to maturity.
The value of an offering is described as ________
A) the price consumers are charged for a product B) the cost of manufacturing a product C) the degree to which consumer demand for a product is positive D) the sum of the tangible and intangible benefits and costs to customers E) the intangible benefits gained from a product
A ________ is a summary description of a characteristic or measure of the sample. It is used as an estimate of the population parameter
A) statistic B) precision level C) finite population correction D) parameter
In a standard job-order costing system, factory overhead is applied using actual rates times standard input
Indicate whether the statement is true or false