A Complete Journal Entry Does Not Show

question 95

Multiple Choice

A complete journal entry does not show

• A)the date of the transaction.
• B)the new balance in the accounts affected by the transaction.
• C)a brief explanation of the transaction.
• D)the accounts and amounts to be debited and credited.

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Definitions:

Globalization

The process of interaction and integration among people, companies, and governments worldwide, often leading to increased connectivity and interdependence of the world's markets and businesses.

Homogenizing Effects

The process by which dominant cultures or ideas begin to diminish or eliminate cultural differences, leading to a more uniform or similar society.

Modernization Theorists

Scholars who focus on the process and impact of modernization, typically emphasizing the transition from traditional to modern societies and its effects.

Multinational Corporations

Large business organizations that operate in multiple countries, often exerting significant economic and political influence in the global market.