When You Prepare a Journal Entry, the Standard Format Is

question 60

Multiple Choice

When you prepare a journal entry, the standard format is to list all

• A)asset accounts first
• B)accounts to be debited first
• C)liability accounts first
• D)accounts to be credited first

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Definitions:

Semantic Memory

A type of long-term memory that involves the recall of general facts, meanings, concepts, and knowledge about the external world.

Explicit Memory

A type of long-term memory related to consciously recalling facts and experiences.

Implicit Memory

A type of long-term memory that does not require conscious thought to retrieve, often involving skills and routine procedures that are performed automatically.

Prospective Memory

The facet of memory tasked with remembering to undertake planned actions or bringing to mind intended future activities.