When you prepare a journal entry, the standard format is to list all
A)asset accounts first
B)accounts to be debited first
C)liability accounts first
D)accounts to be credited first

Question

Quizplus · Accepted Answer

In standard accounting practices, when preparing a journal entry, accounts to be debited are listed first, followed by accounts to be credited. This format helps in maintaining clarity and consistency in financial record-keeping.

When You Prepare a Journal Entry, the Standard Format Is