aliensbrain
  • Home
  • Study
  • Quizzes
  • 🎤AI Practicefree
  • Notebooks
  • Community
  • Sign in
  • Accounting : Journalizing Transactions Online Quiz
  • A complete journal entry consists of the date, debit amou...
Multiple choice

A complete journal entry consists of the date, debit amount, credit amount, and a source doc.

  1. true

  2. false

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

A complete journal entry requires the date, the accounts debited and credited, the amounts, and a reference to the source document for verification.

Keep practicing — related questions

  • Source documents provide the input for the accounting process.
  • Transactions are recorded in a journal in chronological order
  • The amount debited to purchase account consists of
  • Calculate notional profit on a contract undertaken of which 80% work has been completed. Total expenditure ...
  • A, B and C were partners sharing profits in the ratio 5 : 4 : 1. 'A' retired and new ratio was decided as 3...
  • The limitation for recovery of the outstanding amount in the cash credit account is ______________ years fr...
  • If the total of debit side of the income and expenditure account is more than the total of credit side, it ...
  • Which of the following statements is/are false? a. Coal is a hard, black combustible mineral that consists ...
Play the full quiz 🎤 Practise this topic out loud

Practice this topic

  • Accounting Principles and Practices (2416 questions)
Advertisement
© Aliensbrain | all rights reserved
  • About
  • Contact
  • Terms and Condition
  • Privacy Policy