Question:The following comments relate to the recording of journal entries. Which statement is true?
A For any given journal entry, debits must exceed credits.
B It is customary to record credits on the left and debits on the right.
C The chart of accounts reveals the amount to debit and credit to the affected accounts.
D Journalization is the process of converting transactions and events into the debit/credit format.
+ AnswerC
+ Explanation
+ Report