Which of the Following Statements Is True About a Journal

question 142

Multiple Choice

Which of the following statements is true about a journal entry?

• A) Decreases in liabilities are indented.
• B) The Post.Ref.column is left blank until entries are posted.
• C) A line is skipped between each debit and each credit.
• D) Assets are entered before liabilities.

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Definitions:

Indirect Costs

Expenses not directly tied to a specific product or activity, often including overheads like administration, personnel, and security.

Crutches

Supports used by individuals to help transfer weight from the legs to the upper body during walking or standing.

Grasp Arm

A physical action or maneuver used to hold or support someone's arm, often for assistance or stability.

Weight Transfer

The process of moving or shifting body weight from one point to another, which is critical for tasks such as walking, standing, or performing transfers.