Which of the Following Items Would NOT Be Included in the Journal

question 101

Multiple Choice

Which of the following items would NOT be included in the journal entry for a transaction?

• A)The titles of the accounts debited
• B)The dollar amount credited
• C)The source documents initiating the transaction
• D)The date the accounting transaction was entered

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Definitions:

Book Value

The net value of a company's assets, subtracting liabilities from the total assets, often used to determine a company's worth.

Pac-man Defence

A strategy used by a company facing a hostile takeover attempt, where it turns around to try to acquire the company that initially targeted it.

Counter-offer

A response to an original offer, modifying its terms in hopes of reaching an agreement that's more favorable to the responder.

Shares

Financial instruments that represent ownership in a company or financial asset, often entitling the shareholder to a portion of the profits.