Which of the Following Is/are Not True About a Proper

question 99

Multiple Choice

Which of the following is/are not true about a proper journal entry?

• A) An explanation is needed immediately after each debit and immediately after each credit.
• B) All credits are indented.
• C) A debit is never indented, even if a liability or owner's equity account is involved.
• D) All debits are listed before the first credit.
• E) In a compound entry, the largest amounts are listed first.

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Definitions:

Social Learning

The process of acquiring knowledge or behavior through observing and interacting with others.

Contextual

Relating to or depending on the context of a situation, meaning that it varies according to the circumstances or setting.

Biological

Pertaining to the science of life or living matter in all its forms and phenomena, especially with reference to origin, growth, reproduction, structure, and behavior.

Cognitive

Relating to the mental processes involved in acquiring knowledge and understanding through thought, experience, and the senses.