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:

CEOs

Chief Executive Officers, the highest-ranking individuals in a company, responsible for making overarching decisions and setting strategic direction.

High Salaries

Compensation levels significantly above the average or median for a role, often reflecting high skill levels, responsibility, or job market demand.

Accountability

The obligation of an individual or organization to account for its activities, accept responsibility for them, and disclose the results in a transparent manner.

Corporate Social Responsibility

A business model that helps a company be socially accountable to itself, its stakeholders, and the public.