To Enter Additional Information in Journal Transactions, You Must -

question 24

Multiple Choice

To enter additional information in journal transactions, you must -

• A) set up the additional transactions details field for each journal
• B) select the option to track additional transactions details in the System settings screen
• C) select the option to track additional transactions details in the User Preferences settings screen
• D) do nothing, the program automatically allows you to track these details

---

Definitions:

Bankruptcy

A legal mechanism offering individuals or corporations facing financial difficulties a way to alleviate part or total of their debt obligations.

Chapter 13 Plan

A legal mechanism in U.S. bankruptcy law that allows individuals with a stable income to reorganize their debts and pay them off over time.

Priority Debts

Debts that are deemed more important than others and must be paid first in situations like bankruptcy proceedings.

Liquidated

To settle or pay a debt, often referring to the process of converting assets to cash.