A Ledger Is

question 74

Multiple Choice

A ledger is

• A)A book in which a complete record of transactions is recorded and from which transaction amounts are posted to the accounts.
• B)A book of original entry.
• C)A book of final entry.
• D)A journal in which transactions are first recorded.
• E)Another name for the bank account.

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Definitions:

Without Recourse

A legal term indicating that the holder of a financial instrument cannot demand payment from the original issuer in the case of default.

Transfer

The act of moving or conveying property, rights, or obligations from one entity or person to another.

Forged Signature

A signature that is fraudulently copied or imitated without the authorization of the person whose signature it purports to be, often intended to deceive or commit fraud.