Which of the following guidelines is correct?
A)Dollar signs ($)are required in all financial statements and other schedules.
B)Account names are capitalized when referenced in text or listed in work documents like the journal or ledger.
C)In financial statements only the first word of an account name is capitalized.
D)All of these choices.

Question

Quizplus · Accepted Answer

All of the guidelines are correct. Dollar signs are required in all financial statements and other schedules to indicate that the amounts are monetary. Account names are capitalized when referenced in text or listed in work documents like the journal or ledger to make them easier to read and identify. In financial statements, only the first word of an account name is capitalized to make the statements more concise and easier to read.

Which of the Following Guidelines Is Correct