The Standard Form of a Journal Entry Has the

question 137

Multiple Choice

The standard form of a journal entry has the

• A) debit account entered first and indented.
• B) credit account entered first and indented.
• C) debit account entered first at the extreme left margin.
• D) credit account entered first at the extreme left margin.

---

Definitions:

Organization

An entity comprising multiple people working together towards common goals or objectives, structured and managed to meet a need or pursue collective goals.

Outsiders

Individuals or entities that are not directly involved in a project or organization.

Fixed Price Contracts

Agreements where the service or product is provided for a set price, regardless of the actual cost to complete the project.

Qualified Supplier

A supplier that has been evaluated and meets all criteria and standards for providing goods or services to a company.