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If an instrument is negotiable, it is governed by Article 4 of the UCC.
Control Account
A general ledger account that summarizes and controls the detailed data recorded in subordinate ledger accounts.
Subsidiary Ledger
A detailed ledger containing all account details and transactions for individual component accounts that roll up into a general ledger summary account.
Special Journals
Accounting books designed for recording specific types of transactions in a detailed and efficient manner.
Purchases Journal
A special journal that records all purchases of merchandise on account.
Q4: A custodian who holds money for the
Q10: A document of title is not sufficient
Q11: The insured must comply with a number
Q16: An agreement that does not specify the
Q19: The UCC does not specify the form
Q31: Under both the CISG and the UCC,
Q33: The UCC imposes a higher standard of
Q36: By operation of law, a party can
Q37: A blank indorsement turns a(n) _instrument into
Q46: A letter of credit cannot extend for