The Franchise Registry Maintained by the U

question 47

Multiple Choice

The Franchise Registry maintained by the U.S.Small Business Administration

• A)lists warnings about certain franchise systems.
• B)speeds up loan processing for small business franchisees.
• C)rates franchise systems according to a four star rating.
• D)registers all franchise systems operating in the U.S.

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Definitions:

Chart of Accounts

A Chart of Accounts is an organized list of all the accounts in the general ledger of a company, systematically arranged and often segmented by account types.

Trial Balance

A financial record-keeping chart where the sums of all ledger balances are gathered into columns of debits and credits, achieving a balance.

Journal Entry

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