The Standard Format of a Journal Would Not Include

question 20

Multiple Choice

The standard format of a journal would not include

• A) a reference column.
• B) an account title column.
• C) a T-account.
• D) a date column.

---

Definitions:

Owner

An individual or entity that holds the legal right or title to something, such as a business or property.

Going Concern Assumption

An accounting principle that assumes a company will continue to operate and remain solvent for the foreseeable future, affecting its financial reporting.

Operating Indefinitely

A business condition where it is expected that the company will continue its operations without a foreseeable end.

Future Benefits

Expected economic advantages gained from current investments, actions, or decisions.