What Type of Peer Executes Chaincode

question 49

Multiple Choice

What type of peer executes chaincode?

• A) Anchor peer
• B) Endorsing Peer
• C) Chaincode is executed by the client
• D) Ordered Peer
• E) Chaincode is not executed by a peer.

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Definitions:

Reversing Entries

At the start of a new accounting period, entries are recorded to negate or undo the adjustments that were made at the conclusion of the prior period.

Salaries Expense

The total amount paid to employees for services rendered during a specific period, recorded as an expense on the income statement.

Accounts Payable

Money owed by a company to its suppliers or vendors for goods and services purchased on credit.

Correcting Entry

A bookkeeping record created to rectify a mistake in the financial reports.