Journalizing Does NOT Include

question 51

Multiple Choice

Journalizing does NOT include

• A) debiting account(s)that are affected.
• B) crediting account(s)that are affected.
• C) posting the debits and credits to the accounts.
• D) entering the date.

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Definitions:

Windfall Theory

Windfall theory suggests that unexpected, unearned, or sudden gains (windfalls) in wealth can have various effects on individuals’ behavior, the economy, or market dynamics.

Merchant

A person or company engaged in the wholesale or retail sale of goods or services.

Authorized Dealer

An entity or individual officially recognized and permitted by a manufacturer or government to sell or distribute specific products or services.

Homemade Furniture

Furniture created by individuals rather than manufactured by companies, often characterized by its unique design and the personal touch of its maker.