CRC Stands for __________

question 42

Multiple Choice

CRC stands for __________.

• A) Class, Recyclability, Collaborations
• B) Class, Redundancy, Collections
• C) Class, Responsibilities, Collaborations
• D) Code, Reuse, Constancy

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Definitions:

Journal Entry

A record in the accounting journal that represents a transaction and shows the debits and credits to various accounts.

Petty Cash Account

A small fund kept on hand for minor, incidental expenses.

Debit Memorandum

A document or entry recorded to reflect an adjustment or correction, usually increasing the amount a buyer owes to a seller.

Credit Memorandum

A document issued by a seller to a buyer, reducing the amount that the buyer owes under the terms of an earlier invoice.