Which of the following statements is false about a journal entry?
A)All debits are always listed before any credits.
B)It may have more than one debit or credit entry.
C)Credits are always indented.
D)Accounts that are increased are always listed first.

Question

Quizplus · Accepted Answer

Accounts that are increased can be listed first or second depending on the type of account and the transaction being recorded. The order of accounts listed in a journal entry does not determine whether they are increased or decreased.

Which of the Following Statements Is False About a Journal