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:

Legal System

The comprehensive framework of rules, regulations, practices, and institutions through which laws are created, interpreted, and enforced within a country or jurisdiction.

Common Law

A legal system characterized by precedent and judicial decisions rather than codified statutes.

English Legal System

A legal system based in England and Wales that includes both civil and criminal laws, governed by principles of common law.

Islamic Legal System

A legal framework based on Islamic principles and jurisprudence, which governs various aspects of life including personal, social, and financial matters.