Which of the following is correct concerning recording journal entries?
A) The credit part of the entry is recorded first.
B) The credit account is always indented underneath the debit entry.
C) The debit part of the entry is recorded last.
D) Dollar signs are always recorded in the journal.

Question

Quizplus · Accepted Answer

In a journal entry, the debit account is always recorded first and indented underneath it, the credit account is recorded second. The indent is done to distinguish between debit and credit entries easily. There is no requirement to use dollar signs in journal entries.

Which of the Following Is Correct Concerning Recording Journal Entries