A Journal Entry to Recognize an Expense Could Include Each

question 78

Multiple Choice

A journal entry to recognize an expense could include each of the following,except:

• A)A debit to an expense account.
• B)A credit to Accounts Payable.
• C)A debit to a liability account.
• D)A credit to Cash.

Understand the principles of free trade and its implications on global economic policies.

Analyze the role of technology in globalization and multinational operations.

Understand the impact of globalization on developed and developing markets.

Analyze the influence of global organizations on political, economic, and social policies.

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Definitions:

Stewardship

The act of managing or looking after another's property, finances, or affairs responsibly and ethically, often used in contexts of environmental conservation and nonprofit management.

Organization's Assets

The total resources owned by an organization, including physical items, financial resources, and intangible items like goodwill and intellectual property.

Nonprofit's Mission

The foundational statement that guides a nonprofit organization's objectives, strategies, and actions, outlining its purpose and the community or cause it serves.

Organization's Board

A group of individuals elected or appointed to oversee and govern the activities and strategic direction of an organization.