The Act of Other Interested Parties Joining as Parties to an Existing

question 68

Multiple Choice

The act of other interested parties joining as parties to an existing lawsuit is termed as ________.

• A) intervention
• B) consolidation
• C) class action
• D) arbitration

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Definitions:

Trial Balance

A bookkeeping worksheet where the balances of all ledgers are compiled into debit and credit account columns to check the accuracy of the financial transactions recorded.

Reference Column

A column in a table or spreadsheet used to hold information or data that aids in categorization or identification.

General Journal

A ledger in which all transactions are initially recorded, dated, and described.

Transposition Error

A common accounting mistake where figures are mistakenly reordered, leading to inaccurate entries and discrepancies in financial records.