The Explanation for a Transaction in the General Journal in a Manual

question 78

True/False

The explanation for a transaction in the general journal in a manual system is indented under the credit part of the entry.

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Definitions:

Downward Communication

Information flow from higher levels of a hierarchy to lower levels, typically from management to employees.

Cable Network Television

Cable network television is a system of delivering television programming through coaxial or fiber-optic cables, as opposed to traditional broadcast methods.

Market Share

The percentage of an industry's sales that a specific company controls.

Great Recession

A significant decline in economic activity spread across the economy, lasting more than a few months, which was officially observed in December 2007 – June 2009.