If There Are ____ Found in a Title During a Title

question 60

Multiple Choice

If there are ____ found in a title during a title search the title is said to be clouded.

• A) defects
• B) mistakes
• C) typos
• D) missing terms
• E) none of the other choices are correct

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Definitions:

Crediting

The process of making an entry on the right side of an account in double-entry bookkeeping, indicating an increase in liabilities, equity, or revenue, or a decrease in an asset or expense.

Salaries Payable

A liability account representing amounts owed to employees for work performed and not yet paid.

Debit Postings

Entries made on the left side of an account, indicating an increase in assets or expenses or a decrease in liabilities, equity, or revenue.

Credit Postings

Entries made in the accounts to record increases in liabilities, revenues, or owner's equity and decreases in assets or expenses.