Which of the Following Accounts Might Be Placed First in a Journal

question 88

Multiple Choice

Which of the following accounts might be placed first in a journal entry?

• A)Interest Payable,when it has been decreased.
• B)Accounts Receivable,when it has been decreased.
• C)Unearned Revenue,when it has been increased.
• D)Service Revenue,when it has been increased.

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Definitions:

Anonymity

The state of being anonymous, where a person's identity is not known or is deliberately concealed.

High Personal Involvement

A state or condition where individuals are deeply engaged with a task or issue, often because it is important to their personal values or goals.

Indispensability

The quality of being absolutely necessary or essential within a particular context or system.

Truth-Wins Rule

A consensus-reaching technique wherein a group adopts the correct or most accurate answer once a sufficient number of members recognize its validity.