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.


A

Business

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In a properly designed internal control system, the same employee may be permitted to:

A. approve vouchers for payment and also sign checks. B. receive and deposit checks and also approve write-offs of customer accounts. C. reconcile the bank statements and also receive and deposit cash. D. sign checks and also cancel supporting documents.

Business

Sometimes, because of prior knowledge, the researcher knows how many factors to expect and thus can specify the number of factors to be extracted beforehand. This is referred to as ________

A) a priori determination B) determination based on split-half reliability C) determination based on significance tests D) determination based on scree plot

Business

The Nutrition Labeling and Education Act (NLEA) applies to packaged foods and other foods regulated by the Food and Drug Administration

Indicate whether the statement is true or false

Business

The Zangger Committee is also known as Non-Proliferation Treaty Exporters' Committee

Indicate whether the statement is true or false

Business