Choose the Word or Phrase in [ ] Which Will

question 113

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-An insurance adjustor is working for the [insurance company | claimant].

---

Definitions:

Ledger Accounts

A complete record of all the financial transactions over the life of a company, organized by account.

Journal Entries

Recorded transactions or adjustments in the financial records of a company, marking the debit and credit of accounts affected by business operations.

Debt Ratio

A ratio indicating the level of a firm's indebtedness by dividing its total obligations by its overall assets.

Financial Leverage

The use of borrowed funds to increase the potential return on investment.