CashcrashCom Is an Online Money Transfer Company That Provides Consumer

question 40

Multiple Choice

Cashcrash.com is an online money transfer company that provides consumer remittance facilities.With the Cashcrash bank deposit service,consumers can send money directly to bank accounts in several countries around the world.Thus,Cashcrash.com would be classified as a:

• A)good.
• B)tangible product.
• C)service.
• D)tangible resource.

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Definitions:

Government Regulation

Legal provisions enforced by governmental bodies to control and guide the behavior of businesses and individuals.

General Journal

The most basic form of journal.

Subsidiary Ledger

A Subsidiary Ledger is a set of accounts that provides detailed information to support a general ledger account, such as detailed customer or vendor transactions supporting the accounts receivable or payable balances.

Electronic Accounting Systems

Digital systems that manage and process financial transactions and accounting tasks through specialized software.