______ Checks Include Not Only Calls to References That Are

question 71

Multiple Choice

______ checks include not only calls to references that are provided by the applicant,but also reference letters from employers,personal letters of recommendation,and possibly cold calls to previous employers.

• A) Credit
• B) Reference
• C) Web
• D) Criminal background

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Definitions:

Owner's Drawings

Funds taken out of a business by the owner in a sole proprietorship or partnership for individual purposes.

Capital Account

An account showing the net worth of a business at a specific point in time, comprised of the owner's equity, investments, and retained earnings.

Correcting Entry

A journal entry made to amend a previously recorded incorrect transaction in the financial records.

Accounts Receivable

Refers to the money owed to a company by its customers for goods or services sold on credit.