An Account Consists of

question 169

Multiple Choice

An account consists of

• A) a title a debit balance and a credit balance.
• B) a title a left side and a debit balance.
• C) a title a debit side and a credit side.
• D) a title a right side and a debit balance.

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Definitions:

Main Purpose Construction Rule

A legal principle that allows for the enforcement of verbal contracts related to the main purpose of a transaction.

Equal Dignities Rule

A legal doctrine stating that if a contract must be in writing, then any appointed agent to sign the contract must also be designated in writing.

Click-On Agreement

A form of contract agreement obtained by clicking a button or checking a box online that indicates acceptance of the online terms and conditions.

Electronic Shopping Cart

A feature of online stores that allows users to select and accumulate items they wish to purchase virtually before proceeding to checkout.