The following comments below relate to the recording of journal entries. Which statement is true?

For any given journal entry, debits must exceed credits.

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It is customary to record credits on the left and debits on the right.

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The chart of accounts reveals the amount to debit and credit to the affected accounts.

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Journalization is the process of converting transactions and events into debit/credit format.

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Solution

The correct option is D Journalization is the process of converting transactions and events into debit/credit format.
Journalization is the process of converting transactions and events into debit/credit format.

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The following comments below relate to the recording of journal entries. Which statement is true?

The correct option is D Journalization is the process of converting transactions and events into debit/credit format.Journalization is the process of converting transactions and events into debit/credit format.

The correct option is D Journalization is the process of converting transactions and events into debit/credit format.
Journalization is the process of converting transactions and events into debit/credit format.