The Journal Entry to Record a Particular Business Transaction Includes

question 10

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 share capital.
• 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:

Reliable

Capable of being trusted or depended upon; consistently good in quality or performance.

Knowledge

Information which we believe to be true and for which we have justification or evidence.

Controlled Conditions

Experimental setups where all variables are kept constant except for the one being tested to ensure the results are due to the variable of interest.

Experimentation

The process of conducting tests or trials to discover or verify something.