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Question
the concept that you record a debit and credit for each transaction is called: journaling double - entry accounting proving cash memorandum question 12 3 pts choose the answer. the column section of the journal that is not headed by an account title is called: special amount column entry journal section general amount column
Brief Explanations
- For the first question: Double - entry accounting is a system where every transaction has equal debit and credit entries. Journaling is just the act of recording in a journal. Proving cash is related to verifying cash balances. A memorandum is a note.
- For the second question: The general amount column in a journal is not headed by an account title. A special amount column is for specific accounts. An entry is the whole record. A journal section is a more general term.
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- First question: double - entry accounting
- Second question: general amount column