Asbestos Is

question 47

Multiple Choice

Asbestos is

• A) a glass.
• B) a form of silicate.
• C) amorphous.
• D) a form of clay.

---

Definitions:

General Ledger

The primary accounting record of all financial transactions of a company, organized by accounts, used to prepare financial statements.

Owner Withdraws

Transactions where the owner of a sole proprietorship takes out cash or other assets from the business for personal use.

General Journal

A comprehensive record where all financial transactions of a business are originally entered before being transferred to specific accounts in the general ledger.

Cash Payments Journal

A financial journal that records all cash payments or outflows of a business.