A Special Multi-Column Record That Supplements the Regular Accounting Records

question 115

Multiple Choice

A special multi-column record that supplements the regular accounting records and from which no posting is done is called a

• A) bank reconciliation form.
• B) petty cash payment record.
• C) journal.
• D) ledger.

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Definitions:

Surviving Corporation

The entity that continues to exist after a merger, having absorbed another business entity.

Property

Refers to ownership of resources such as land, buildings, or intellectual property.

Liquidation

The process in which a debtor turns over all assets to a trustee.

Board

A group of individuals elected or appointed to govern the affairs of an organization.