Which of the Following Statements Is Not Necessarily True About

question 12

Multiple Choice

Which of the following statements is not necessarily true about a journal entry?

• A) Assets are indented.
• B) The date of the journal entry is always recorded.
• C) The Post.Ref.column is left blank until the entry is posted.
• D) All debits must be recorded before any credits.

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Definitions:

Balanced Scorecard

A system for strategic planning and management designed to align organizational activities with its vision and strategy.

Customer Satisfaction Ratings

A measure used to quantify the degree to which a customer is happy with a product, service, or experience.

Lagging Indicator

Any metric where performance is predicted by performance in another metric.

Leading Indicator

Any metric where performance is predictive of performance in another metric.