MENSA Is an Organization That Requires Members to Have an IQ

question 48

Multiple Choice

MENSA is an organization that requires members to have an IQ in the __________ of the population.

• A) top 10%
• B) top 5%
• C) top 2%
• D) top 1%

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Definitions:

Control Account

An account used in the general ledger to summarize and keep track of transactions relating to a specific aspect of a company's finances, such as accounts receivable or payable.

General Ledger

A comprehensive record of all financial transactions within an organization, serving as the foundation for a company's financial statements.

Cash Payments Journal

A financial journal that records all cash outflows or payments made by a business, including expenses, debt payments, and purchases.

Credit To Cash

A transaction in accounting where a credit sale is paid off, converting receivables into cash.