Which of the Following Events Does Not Require a Journal

question 60

Multiple Choice

Which of the following events does not require a journal entry?

• A) Purchase of a one-year insurance policy
• B) Agreement to perform a service at a future date
• C) Performance of a service agreed to at a past date
• D) Payment for a service performed previously

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Definitions:

Demographic Data

Statistical data pertaining to the characteristics of a population, including age, race, gender, income, migration patterns, and population size.

Population Age Structure Diagrams

Illustrations that show the distribution of various age groups in a population which can reveal trends in birth rates, life expectancy, and potential growth.

World Population

Refers to the total number of humans currently living on Earth.

Adult Illiteracy

The condition of being unable to read and write in adults.