The Necessary and Proper Clause Can Be Found in Article

question 16

Multiple Choice

The necessary and proper clause can be found in Article I, Section 8, of the Constitution addressing the powers granted to:

• A) The executive
• B) The judiciary
• C) The legislature
• D) Federalism

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Definitions:

Accounts Receivable Subsidiary Ledger

A detailed ledger that breaks down the accounts receivable account into individual customer accounts, tracking each customer's balance.

Collections From Customers

The process of gathering or receiving payments from customers for goods or services provided.

Adjustment For Expired Insurance

An accounting entry made to reflect the decrease in value of an insurance policy over time, moving its cost from an asset to an expense.

Accounts Receivable Subsidiary Ledger

A detailed ledger that tracks individual accounts receivable transactions and balances for customers.