Which of the Following Statements Is False About a Journal

question 34

Multiple Choice

Which of the following statements is false about a journal entry?

• A)All debits are always listed before any credits.
• B)It may have more than one debit or credit entry.
• C)Credits are always indented.
• D)Accounts that are increased are always listed first.

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Definitions:

Demand

The total quantity of a good or service that consumers are willing and able to purchase at a given price level at a given time.

Standard Deviation

A measure that indicates the amount of variation or dispersion of a set of values from the mean.

Service Level

A measure of the quality and timeliness of service provided to customers, often framed as a percentage of customer demands met on time.

Gallons of Milk

A volumetric measurement commonly used to quantify liquid milk in a specified quantity for consumption, production, or sale.