The Following Statements Pertain to Recording Transactions

question 31

Multiple Choice

The following statements pertain to recording transactions.Which of them are true? I.Total debits should equal total credits.
II) It is possible to have multiple debits or credits in one journal entry.
III) Assets are always listed first in journal entries.
IV) Some journal entries will have debits only.

• A)I only.
• B)I and II.
• C)I,II,and IV.
• D)II,III,and IV.

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Definitions:

Reward

An event that increases the occurrence of the instrumental behavior that precedes the event.

Alternate Route

An alternative path or method to achieve an objective, often considered when the primary route is obstructed or less desirable.

Traffic Jam

A condition on roadways where vehicles are stopped or moving very slowly due to vehicle overflow or other factors like construction or accidents.

Well-Learned Behavior

is an action or response that has been practiced so much that it becomes automatic or performed without conscious thought.