Which Section of the UCC States That an Order to a Manufacturer

question 34

Multiple Choice

Which section of the UCC states that an order to a manufacturer requesting shipment of goods may be accepted by a prompt shipment of the goods?

• A)2-206
• B)9-301
• C)1-105
• D)2-345

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Definitions:

Accounts Payable

The amount of money a company owes to its creditors for goods or services purchased on credit.

Subsidiary Ledgers

Detailed ledgers that contain information about specific accounts, which then are summarized in a single control account in the general ledger.

General Ledger

A master accounting document providing a complete record of all the financial transactions of a business.

Subsidiary Posting

The process of transferring summary totals from the journal into the respective ledger accounts.