Author Question: A detailed report is a structured and comprehensive submission designed to provide the reader with a ... (Read 93 times)

Diane

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A detailed report is a structured and comprehensive submission designed to provide the reader with a sufficient understanding of the data, reasoning, and analysis underlying the conclusion of value.
 
  Indicate whether the statement is true or false

Question 2

Which of the following is/are not true about a proper journal entry?
 a. An explanation is needed immediately after each debit and immediately after each credit.
   b. All credits are indented.
   c. A debit is never indented, even if a liability or owner's equity account is involved.
   d. All debits are listed before the first credit.
   e. In a compound entry, the largest amounts are listed first.



Eunice618

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Answer to Question 1

TRUE
Explanation: A detailed report is a structured and comprehensive submission designed to provide the reader with a sufficient understanding of the data, reasoning, and analysis underlying the conclusion of value.

Answer to Question 2

a



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