The Kind of Signature Required to Satisfy the Statute of Frauds

question 40

Multiple Choice

The kind of signature required to satisfy the statute of frauds must be

• A) handwritten.
• B) typed.
• C) printed.
• D) all of these.

---

Definitions:

Trial Balance Preparation

The process of summarizing all the financial transactions in a company's general ledger accounts to ensure debits equal credits.

Account Balance

The amount of money in a financial repository, such as a checking account or investment account, at any given time.

Posting Omitted

An error occurring when a financial transaction is not recorded in the appropriate ledger, potentially affecting financial statements.

Trial Balance Preparation

The process of compiling the balances of all ledger accounts into a report to verify that the total of debit balances equals the total of credit balances, indicating correctly recorded transactions.