Pamela's Explanation to Marge Lacked Specificity When She Said, "We

question 53

Multiple Choice

Pamela's explanation to Marge lacked specificity when she said, "We were disappointed; so were the kids." Her language and discussion about the family vacation was

• A) powerless.
• B) concrete.
• C) vague.
• D) symbolic.

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Definitions:

Journal

A detailed record where all financial transactions of a business are initially recorded before being transferred to accounts in the ledger.

Accounts

Financial records that track transactions related to a specific asset, liability, equity, revenue, or expense category.

Simple Journal Entry

A basic accounting entry used to record transactions with only one debit and one credit.

Debit

An accounting entry that increases asset or expense accounts or decreases liability, equity, or revenue accounts.