The Basic Form of a Journal Entry Has the

question 94

Multiple Choice

The basic 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.

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Definitions:

Operating Activities

Transactions related to the primary operations of the business, such as cash received from sales of goods or services.

Investing Activities

Transactions involving the purchase and sale of long-term assets and other investments not considered cash equivalents.

Net Cash

The amount of cash remaining after all operating, investing, and financing activities have been accounted for over a specific period.

Investing Activities

Transactions related to the acquisition or sale of long-term assets and investments.