Which of the Following Items Would Not Be Included in the Journal

question 114

Multiple Choice

Which of the following items would not be included in the journal entry for a transaction?

• A) the names of the source documents used to record the accounting transaction
• B) the titles of the accounts that will be used as debits and credits in the transaction
• C) the date the accounting transaction was entered into the accounting system
• D) the dollar amounts used to record the debits and credits in the transaction

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Definitions:

Loss

Loss refers to the negative financial result that occurs when expenses exceed revenues or costs outweigh benefits in a transaction or operation.

Service

An intangible economic activity that satisfies a need or wants, often performed by humans or automated systems.

Ambience

The character and atmosphere of a place, often related to its visual and environmental qualities that contribute to its overall feel.

Convenient Location

Refers to a geographical location that offers ease of access, making it favorable for businesses or residences.