Which of the Following Statements Is True About Entering Additional

question 2

Multiple Choice

Which of the following statements is true about entering additional information for journal entries -

• A)you can record any comment and/or date as additional information for journal entries
• B)additional information fields are available only to record cheque numbers for customer receipts
• C)the additional information fields are the same in all journals
• D)a and c above are correct

---

Definitions:

Debentures

Debentures are a type of long-term debt instrument issued by corporations and governments to secure capital, often unsecured and backed only by the issuer's creditworthiness.

Warrants

Official documents that grant the holder the right, but not the obligation, to buy or sell something at a predetermined price within a specified timeframe.

Securities

Financial instruments representing ownership positions in publicly-traded corporations, creditor relationships with governmental bodies or corporations, or rights to ownership.

Wrongful Discharge

The unjust firing of an employee in violation of the contract or laws protecting employees.