The Posting Reference Column in the Journal Is Used for

question 75

Multiple Choice

The posting reference column in the journal is used for

• A) recording the source documents identification number.
• B) recording the account number to which the entry was posted.
• C) recording the time when the entry was posted.
• D) recording the initials of the person who did the posting.

Distinguish between contracts that must be in writing and those that can be oral to be binding.

Acknowledge the role of digital records and electronic signatures in contract law.

Analyze the enforceability of contracts based on the intention of the parties and statutory requirements.

Identify circumstances under which a contract can be deemed void or unenforceable.

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