The Journal Entry to Record a Particular Business Transaction Includes

question 1

Multiple Choice

The journal entry to record a particular business transaction includes a credit to a liability account.This transaction is most likely also to include:

• A)Issuance of new capital stock.
• B)The purchase of an asset on account.
• C)A cash payment.
• D)A credit to Accounts Receivable.

---

Definitions:

Interval Scale

A scale of measurement where the intervals between values are uniform but there is no true zero point, allowing for the measurement of order and the calculation of meaningful differences between values.

Nominal Scale

A measurement scale used for categorizing variables without a quantitative value or order.

Pie Graph

A visual representation of data that divides a circle into slices to illustrate numerical proportions.

Frequency Distribution

A table or graph that displays how often different values or categories occur in a dataset.