British Law Requires Every Child to Attend School Until Age

question 66

Multiple Choice

British law requires every child to attend school until age _____.

• A) 12
• B) 14
• C) 16
• D) 18

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Definitions:

Journal Entry

A record of financial transactions in the accounting records, showing the accounts and amounts to be debited and credited.

Estimated

A calculated approximation or judgement made without complete information, often used in planning or forecasting.

Temporary Account

A temporary account is used to track transactions during an accounting period, which is then transferred to a permanent account at the period's end, such as revenue and expense accounts.

Bad Debts Expense

Represents the amount of receivables a company does not expect to collect and is recorded as an expense.