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.
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The Kinsey Report on American Women