Which of the Following Would Be Included in the Journal

question 258

Multiple Choice

Which of the following would be included in the journal to record an NSF check?

• A) a debit to Accounts Payable and a credit to Cash
• B) a debit to Accounts Receivable and a credit to Cash
• C) a debit to Cash and a credit to Accounts Receivable
• D) a debit to Bank Expense and a credit to Cash

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Definitions:

Concentration Ratio

A measure used in economics to assess the degree of market concentration by summing the market shares of the top firms in the industry.

Market Share

The proportion of total sales or business that a company or product secures within a particular market.

Industry

A sector of the economy characterized by the production or processing of similar goods or services.

High Concentration Ratio

Indicates that a large percentage of a market is controlled by a few firms, which could suggest less competition.