A Cash Payments Journal Should Not Be Used to Record

question 127

True/False

A cash payments journal should not be used to record transactions which require payment by check.

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Definitions:

Probability

Is a measure of the likelihood that an event will occur, expressed as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.

Certainty

A state of being sure or confident about something without any doubt.

Uncertainty

The state of being unsure or not having all the information, which makes outcomes unpredictable.

Specific Result

A distinct outcome or effect that is the aim of an action or plan.