Which of the Following Is Not a Category of Mergers

question 28

Multiple Choice

Which of the following is not a category of mergers?

• A)Horizontal
• B)Vertical
• C)Conglomerate
• D)Diagonal

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Definitions:

Purchases Journal

A special accounting journal used to record all purchases of merchandise, supplies, or other items on credit.

Cash Payments Journal

A bookkeeping ledger in which cash payments are recorded, showing outflows of cash.

Office Supplies

Items used in an office for daily operations, including stationary, paper, and other consumables.

Computerized Accounting System

A software system that facilitates the management of financial transactions and accounting tasks, streamlining processes such as ledger maintenance, journal entries, and financial statement generation.