Helena Is a Person Who Resolves Conflict Between Two or More

question 49

Multiple Choice

Helena is a person who resolves conflict between two or more parties. When she is brought in to resolve conflict, her decision is legally binding on both parties. Helena can best be called a(n) ______.

• A) mediator
• B) facilitator
• C) arbitrator
• D) judge

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Definitions:

General Ledger

A comprehensive record of all financial transactions over the life of a company.

Individual Balances

The amounts recorded in separate accounts representing various assets, liabilities, or equity of an individual or entity.

Special Journal

A specialized accounting journal designed to record a particular type of transaction consistently, such as sales or cash disbursements.

General Journal

A book or document where all financial transactions of a business are initially recorded, prior to being transferred to specific accounts in the general ledger.