The Journal Entry to Record a Particular Business Transaction Includes

question 109

Multiple Choice

The journal entry to record a particular business transaction includes a credit to the Cash account.This transaction is most likely also to include:

• A)Issuance of new capital stock.
• B)The purchase of an asset on account.
• C)Payment of an outstanding note payable.
• D)A credit to Accounts Receivable.

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Definitions:

Proactive Interference

is a phenomenon where older memories inhibit the ability to remember new information because of the clutter or confusion of old and new information.

Long-Term Memory

A type of memory responsible for the storage of information over an extended period, from days to decades.

Retrieval

The act of accessing and bringing into consciousness information from memory.

Semantic Memory

Semantic Memory is a component of long-term memory involved with the storage of general knowledge of facts, concepts, and meanings.