Every Entry in the Journal Should Include All of the Following

question 5

Multiple Choice

Every entry in the journal should include all of the following EXCEPT

• A) the title of each account affected.
• B) the amounts.
• C) a brief description.
• D) the balance of the accounts affected.

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Definitions:

Return on Assets (ROA)

A financial ratio indicating how profitable a company is relative to its total assets, calculated as net income divided by total assets.

Discounted Payback

The period of time it takes for the cash flows from an investment to equal the initial cost of the investment, accounting for the time value of money.

Rate of Return

The improvement or reduction in the value of an investment within a specified interval, articulated as a percentage of the investment’s first cost.

Cash Inflow

Money coming into a business or project from various sources, including sales, investments, and financing activities.