Journalizing Does NOT Include

question 45

Multiple Choice

Journalizing does NOT include:

• A)debiting account(s)that are affected.
• B)crediting account(s)that are affected.
• C)posting the debits and credits to the accounts.
• D)entering the date of the transaction.

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Definitions:

Expected Value

A calculated average of all possible values for a random variable, reflecting the expected level of gain or loss over time for a given situation or set of outcomes.

Perfect Information

Perfect information is a situation in which all participants in a transaction have complete and identical knowledge about all aspects of the transaction, leaving no room for uncertainty.

Net Present Value

A financial metric that calculates the difference between the present value of cash inflows and outflows over a period of time.

Expected Monetary Value

A decision-making technique in project management that calculates the average outcome when the future includes scenarios that may or may not happen.