Which of the Following Is NOT a Formal Provision That

question 58

Multiple Choice

Which of the following is NOT a formal provision that exists for cooperation among the states?

• A)The interstate rendition clause
• B)The privileges and immunities clause
• C)The full faith and credit clause
• D)The commerce clause

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Definitions:

Cash Payments Journal

A business ledger that documents every payment or cash disbursement made by a company.

General Journal

An accounting journal where all types of transactions are initially recorded, before being posted to specific accounts in the ledger.

Accounting System

A systematic process used by entities to track financial transactions and summarize financial data.

Cost Effectiveness

An assessment that compares the relative costs and outcomes (effects) of different courses of action.