To Correctly Position the Date and Closing Lines in a Modified

question 17

Multiple Choice

To correctly position the date and closing lines in a modified block letter, set a tab at ____.

• A) 3.0"
• B) 3.25"
• C) 3.5"
• D) 4.0"

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Definitions:

General Ledger

The primary accounting record of a company that uses double-entry bookkeeping, containing all the financial accounts and transaction data.

Postings Frequency

The rate or regularity at which financial transactions are recorded and posted in accounting systems or ledgers.

Cash Sale Return

The process of refunding a customer in cash for the return of goods previously purchased with cash.

Cash Payments Journal

An accounting journal used to record all cash payments made by a company, including expenses and debtor payments.