Common-Law Marriage Refers to

question 69

Multiple Choice

Common-law marriage refers to

• A) a wedding ceremony performed by a civil official such as a justice of the peace.
• B) cohabitation for a designated period that is legally binding in some states.
• C) cohabitation for three years or less.
• D) marriage involving same-sex partners.

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Definitions:

Journal Entry

A recording in the accounting books of a business transaction expressed in terms of debits and credits.

Correction Journal Entry

A correction journal entry is used to amend errors or omissions in the financial accounting records of a business.

Ledger Accounts

Records that summarize transactions related to a specific asset, liability, equity, revenue, or expense, forming the backbone of the double-entry bookkeeping system.

Journal Entries

Records of the financial transactions of a business that are entered into its accounting system.