In Journal, the business transaction is recorded
A. Same day
B. Next day
C. Once in a week
D. Once in a month
Answer: Option A
Solution(By Examveda Team)
In Journal, the business transaction is recorded Same day. A journal, which is also known as a book of original entry, is the first place that a transaction is written in accounting records.This Question Belongs to Commerce >> Accounting
Which of the following facts regarding the statement of financial position would not be true?
A. It is unnecessary to make any estimates or judgments when preparing a statement of financial position.
B. The statement of financial position reveals how a business is funded.
C. Intangible assets are often missing from the statement of financial position.
D. The statement of financial position separately identifies long-term and short-term assets and liabilities.
Which of the following facts regarding the statement of financial position would not be true?
A. It is unnecessary to make any estimates or judgments when preparing a statement of financial position.
B. The statement of financial position reveals how a business is funded.
C. Intangible assets are often missing from the statement of financial position.
D. The statement of financial position separately identifies long-term and short-term assets and liabilities.