For Both Accounts and Amounts,the Standard Formatting for a Journal

question 9

Multiple Choice

For both accounts and amounts,the standard formatting for a journal entry lists:

• A)credits first and then debits,both aligned to the left.
• B)credits first and then debits,indented underneath.
• C)debits first and then credits,both aligned to the right.
• D)debits first and then credits,indented to the right underneath.

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Definitions:

Profits

The financial gain achieved when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.

Linear Regression

A statistical method for modeling the relationship between a dependent variable and one or more independent variables, assuming a linear relationship.

Least Squares

A mathematical approach used in regression analysis to minimize the sum of the squares of the differences between observed and predicted values.

Goals/G

In sports statistics, a metric that indicates the average number of goals scored per game by a team or player.