The Order of the Entries Made in the General Journal

question 47

Multiple Choice

The order of the entries made in the general journal is by

• A)date
• B)account number
• C)user
• D)customer number

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Definitions:

Dividends

Payments made by a corporation to its shareholder members, typically derived from the company's profits.

Basic Earnings

An indicator of a company's profitability, calculated before any deductions are made, representative of the raw financial performance.

Weighted Average

A calculation method where each data point is multiplied by a weight that reflects its importance or frequency before summing them up to a single average value.