Which of the Following Statements Is Correct

question 67

Multiple Choice

Which of the following statements is correct?

• A) For every transaction recorded in the general journal, the year, month, and day on which the event occurred are written in the Date column.
• B) When a transaction is journalized, the total of the amounts debited must equal the total of the amounts credited.
• C) Journalizing transactions is the last step of the accounting cycle.
• D) The general journal cannot accommodate every type of transaction that a business may have.

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Definitions:

Individual Distress

Personal suffering or strain experienced by an individual, which can manifest as emotional, physical, or psychological discomfort.

Psychoanalytic Approach

A psychological perspective focusing on unconscious mental processes and childhood experiences in shaping personalities and behaviors.

Stress

A state of mental or emotional strain or tension resulting from adverse or demanding circumstances.

Homeostatic/Medical Approach

A perspective or method in medicine and psychology that focuses on the body's automatic processes to maintain internal stability and health in response to external changes.