If the Only Will of a Decedent Is Declared Invalid,then

question 36

True/False

If the only will of a decedent is declared invalid,then the estate becomes intestate automatically.

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Definitions:

Ledger

A book or digital record in which a company maintains its accounts, tracking all financial transactions systematically.

Financial Statements

Financial statements are formal records of the financial activities and position of a business, person, or entity, providing key information on its financial health.

Post. Ref. Column

Short for Posting Reference Column, it's used in journal entries to indicate where data is transferred in the ledger.

General Journal

A primary accounting record where financial transactions are initially recorded in chronological order.