In the General Journal,the Year Appears on the First Line

question 17

True/False

In the general journal,the year appears on the first line of the first column,the month on the next line of the first column,and the day in the second column opposite the month.

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Definitions:

Lien Legislation

Laws governing the right to keep possession of property belonging to another person until a debt owed by that person is discharged.

Benefits

Advantages or gains received by individuals or groups, often from employment or insurance policies.

Obligations

Legal or moral duties to perform or refrain from performing certain acts, often arising from contracts, laws, or ethical principles.

Owners

Individuals or entities that hold the legal right or title to property, possessions, or an entity.