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

question 120

Multiple Choice

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

• A)The names of the employees involved in the transaction
• B)The date the transaction occurred
• C)The titles of the accounts debited
• D)The dollar amount of the transaction

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Definitions:

Treasury Bond

Long-term, interest-bearing securities issued by the U.S. government as a means of borrowing money to fund government spending.

Corporate Stock

Represents ownership shares in a corporation, allowing shareholders to claim a portion of the company's profits.

Expected Rate

The projected or anticipated rate of return on an investment over a specific period.

Profit

The financial gain realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain it.