The Cash Payments Journal Only Has One Column Because All

question 144

True/False

The cash payments journal only has one column because all entries recorded in this journal require a credit to the Cash account.

Understand the symptoms and behaviors associated with schizophrenia.

Recognize and describe the side effects of antipsychotic medications.

Identify and categorize positive and negative symptoms of schizophrenia.

Assess and intervene in acute dystonic reactions and other medication-related emergent conditions.

---

Definitions:

Income Tax Expense

Income tax expense is the amount of expense that a business recognizes in a given accounting period for the taxes associated with its taxable income.

Journal Entry

A record of a financial transaction in the accounting books of a business or organization.

DR (Debit)

DR, or Debit, represents the left side of a general ledger account and is used to record increases in assets or expenses and decreases in liabilities, equity, and income.

CR (Credit)

An accounting entry that decreases assets or increases liabilities and equity on a company's balance sheet, reflective of the double-entry bookkeeping system.