A Valid Deed Must Include

question 17

Multiple Choice

A valid deed must include:

• A)the grantee's name.
• B)a warranty of title
• C)the grantor's address.
• D)a date.
• E)all of the above..

---

Definitions:

Adjusting Entries

Entries made in the accounting journals to adjust income and expense accounts so that they comply with the accrual concept of accounting.

Note Payable

A written promise to pay a certain amount of money on demand or at a fixed or determinable future time.

Unearned Fees

Income received for services that have not yet been performed or delivered.

Monthly Salary

A fixed amount of payment received by an employee from an employer on a monthly basis.