The Class Option Bank Is Needed for Accounts Used for -

question 27

Multiple Choice

The class option Bank is needed for accounts used for -

• A)payments by cheque in the purchases and payments journals
• B)deposits of receipts from customers
• C)credit card receipts from customers
• D)a and b above are correct

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Definitions:

Elected Leaders

Individuals chosen through a voting process to hold positions of authority and governance in an organization or government.

Canada Without Poverty

A non-profit organization or initiative aimed at eliminating poverty in Canada through policy reform, advocacy, and public education.

Income Security

A safety net ensuring that individuals have access to sufficient income to meet their basic needs, often through social welfare programs or policies.

Social Security

A government program designed to provide financial assistance to people who are retired, unemployed, or otherwise unable to earn a sufficient income.