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When cash is received on account, the amount is recorded in the
for each entry
Accounts Receivable Credit column and Cash Debit column
True
True
True
False
False
debit Drawing, credit Cash
The entry to record payment of cash to the owner as a withdrawal of equity is
for each entry
Accounts Receivable Credit column and Cash Debit column
True
True
True
False
False
debit Drawing, credit Cash
Transactions are recorded in a journal in chronological order.
for each entry
Accounts Receivable Credit column and Cash Debit column
True
True
True
False
False
debit Drawing, credit Cash
On each journal page, the date is written
for each entry
Accounts Receivable Credit column and Cash Debit column
True
True
True
False
False
debit Drawing, credit Cash
Every business uses the same journal to record transactions.
for each entry
Accounts Receivable Credit column and Cash Debit column
True
True
True
False
False
debit Drawing, credit Cash
When an entry in an amount column is an even dollar amount, either 00 or -- can be entered in the cents column.
for each entry
Accounts Receivable Credit column and Cash Debit column
True
True
True
False
False
debit Drawing, credit Cash
In double-entry accounting, each transaction affects at least two accounts.
for each entry
Accounts Receivable Credit column and Cash Debit column
True
True
True
False
False
debit Drawing, credit Cash
The accounting concept of Unit of Measurement is being applied when a source document is prepared for each transaction.
for each entry
Accounts Receivable Credit column and Cash Debit column
True
True
True
False
False
debit Drawing, credit Cash
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