In a Terminal Digit Filing System Using 2-2-2 Divisions, Which

question 35

Multiple Choice

In a terminal digit filing system using 2-2-2 divisions, which number below would be last?

• A) 160214
• B) 621553
• C) 432396
• D) 311891

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Definitions:

General Journal

A comprehensive journal that records all the day-to-day financial transactions of a company, including debits and credits.

Common Stock

A type of equity security that represents ownership in a corporation, with rights to share in its profits and vote in major decisions.

Cash

Liquid currency and resources such as bank deposits that a business has immediate access to for transactions and operations.

Prepaid Insurance

Prepaid insurance is the portion of insurance premiums that has been paid in advance for coverage over future periods, and is classified as a current asset on the balance sheet.