MasterFormat Has Been Developed by the

question 35

Multiple Choice

MasterFormat has been developed by the

• A)Associated General Contractors of America.
• B)American National Standards Institute.
• C)American Institute of Architects.
• D)Construction Specifications Institute.
• E)American Society for Testing and Materials.

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Definitions:

Accounts Used

Refers to the specific ledgers, charts, or titles under which financial transactions are categorized and recorded in accounting.

Chart Of Accounts

A systematic list of all ledger account titles and numbers used by a company, detailing every type of transaction that can be made.

Listed

Refers to securities that have been admitted to trading on a formal exchange, ensuring they meet certain criteria and standards.

Debit Balance

A balance occurring when the sum of debits in an account exceeds the sum of credits.