Preparing a journal entry in proper form involves all the following except:
A)Listing all accounts debited before any credits.
B)Computing the balances in accounts involved in the transaction.
C)Indicating the date of the transaction.
D)Providing a brief written explanation of the transaction.

Question

Quizplus · Accepted Answer

Preparing a journal entry in proper form involves indicating the date of the transaction, providing a brief written explanation of the transaction, and listing all accounts debited before any credits. However, computing the balances in accounts involved in the transaction is not necessary for a journal entry.

Preparing a Journal Entry in Proper Form Involves All the Following