Which of the Following Laws Are Passed by Agencies Such

question 12

Multiple Choice

Which of the following laws are passed by agencies such as the Food and Drug Administration?

• A) Common law
• B) Constitutional law
• C) Statutory law
• D) Administrative law
• E) Governmental law

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Definitions:

Posting

Posting is the process of recording financial transactions from the journal to the respective ledger accounts, providing a detailed account of all business operations.

Journal

A detailed record where all financial transactions of a business are initially recorded before summarizing them into accounts.

General Journal

A basic accounting ledger used to record all the financial transactions of a business.

General Ledger

A complete record of a company's financial transactions over the lifespan of the organization, serving as the foundation of its financial reporting.