In June 2002,Congress Passed The____________________________________ in Response to Financial Scandals

question 54

Short Answer

In June 2002,Congress passed the____________________________________ in response to financial scandals such as Enron.
or
or

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Definitions:

Supplies Account

An account in the general ledger that records the amount spent on supplies that are used in the operation of a business.

General Journal

A ledger where all financial transactions of a business are initially recorded using double-entry bookkeeping.

Purchases Journal

A financial journal used to record all purchases of goods and services on credit.

Return Supplies

Returned goods or materials that were previously purchased, which can reduce the payable amount or be exchanged for credit.