With Reference to Indispensable Paper, the Term _____ Includes Negotiable

question 73

Multiple Choice

With reference to indispensable paper, the term _____ includes negotiable instruments, stocks, bonds, and other investment securities.

• A) license
• B) chattel paper
• C) document
• D) instrument

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Definitions:

Chart of Accounts

A systematic listing of all accounts used by an organization, typically organized by type such as assets, liabilities, equity, revenues, and expenses.

Balance Column Journal

A type of accounting record that includes columns for recording dates, details of transactions, and corresponding debit or credit balances.

Trial Balance

A bookkeeping report that lists the balances of all ledgers accounts to check the mathematical accuracy of the accounting entries.

Posting

The process of transferring accounting entries from the journal to the ledger accounts.