If a Transaction Cannot Be Recorded in a Special Journal

question 116

Multiple Choice

If a transaction cannot be recorded in a special journal it is

• A) not recorded.
• B) a correcting entry.
• C) recorded in the general journal.
• D) an error.

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Definitions:

Alertness

The quality of being quick to notice and react to opportunities or potential threats.

Scale

The process of increasing or expanding the scope of a company's operations or its ability to serve more customers effectively.

Market Size

The total volume of a product or service that is available for purchase within a particular market, often measured in terms of sales value or volume.

Design Pathway

A pathway that can uncover high-value opportunities because the entrepreneur is focusing on unmet needs of customers, specifically latent needs.