Which of the Following Does Not Create an Express Warranty

question 31

Multiple Choice

Which of the following does not create an express warranty within the meaning of the Code?

• A) A sample.
• B) A description.
• C) A promise.
• D) An offer to buy on credit.

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Definitions:

Daily Postings

The routine process of recording transactions in the books of accounts or ledgers on a daily basis to ensure financial records are up-to-date.

Control Account

An account in the general ledger used to simplify the recording of transactions and track the total amounts for financial statement purposes, often summarizing the details that are held in a subsidiary ledger.

Special Journals

Accounting books or ledgers used for recording and categorizing specific types of transactions such as sales, purchases, cash disbursements, and cash receipts in a more efficient manner.

Merchandise Purchase

Transactions involving the buying of goods for resale in the normal course of business.