A Representation Concerning the Quality, Condition, Description, or Performance Potential

question 9

Multiple Choice

A representation concerning the quality, condition, description, or performance potential of goods is

• A)an express warranty.
• B)an implied warranty.
• C)a warranty of title.
• D)not a warranty.

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Definitions:

Chart Of Accounts

An organized list of all accounts in the general ledger of a company, categorizing assets, liabilities, equity, revenues, and expenses.

Numbering System

An organized scheme for assigning unique identifiers to entities within a specific context or system.

Cash Account

A financial account that tracks the flow of cash transactions, including both receipts and disbursements.

Cash Receipts

The collection of money (cash, checks, wire transfers) by a business from its customers.