A Journal Entry Will NOT Include

question 5

Multiple Choice

A journal entry will NOT include

• A) account names.
• B) date of the transaction.
• C) the dollar amount of the transaction.
• D) account balance.

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Definitions:

Schedule/Form

Documents filed with or attached to a tax return, providing additional information, calculations, or reports to the IRS.

Published

Made available to the public through print or electronic media.

Business Revenue

The total amount of income generated by a company from its activities, such as sales of products or services, before any expenses are subtracted.

Schedule E

A form used for reporting income from rental real estate, royalties, partnerships, S corporations, estates, trusts, and residual interests in REMICs on a tax return.