Journals are sometimes called books of original entry because transactions are recorded in journals before amounts are entered into the ledger.
Answer the following statement true (T) or false (F)
True
This is true. Transactions are first recorded in the journal, and then posted to the ledger.
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What will be an ideal response?
In Microsoft Word 2010, spellcheck is designed to detect lapses suchas adopt for adapt and there for their
Indicate whether the statement is true or false
A small-scale consulting firm in Hawaii was struggling financially because it was unable to generate enough capital to run its business transactions. To generate capital, the firm decided to use web technologies and digital resources to build long-term associations with current customers and to reach out to new customers. In this scenario, the firm is using concepts that primarily originated in the _____ of American business history.
A. entrepreneurship era B. relationship era C. production era D. industrial era
Cynthia Fromm and Delores Rankin left after their fall semester finals for a four-day skiing trip in Northern Arizona. During their return drive, they hit a severe snowstorm and were having difficulty with directions. They took a wrong turn onto a road
that is closed during the winter months and is not plowed. The winter barricades for the road were not yet in place. Fromm and Rankin were soon stuck in the snow. They remained in their vehicle for 11 days until they were rescued by snowmobilers. Both had severe frostbite. Fromm lost both feet. Rankin lost all of her toes. Both filed suit against the state of Arizona for its failure to put up barricades in a timely fashion. Should the state be held liable?