If an Indorsement Contains the Signature of the Indorser Along

question 36

Multiple Choice

If an indorsement contains the signature of the indorser along with the words indicating to whom,or to whose order,and the instrument is payable,it can be termed as a _____.

• A) special indorsement
• B) restrictive indorsement
• C) blank indorsement
• D) qualified indorsement

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Definitions:

Revenue Information

Data concerning the income generated from ordinary activities of a business, such as sales of goods or services, before any expenses are subtracted.

Accounting System

A systematic process of recording, summarizing, and analyzing an organization's financial transactions, often facilitated by software.

Accounts Payable Subsidiary Ledger

A detailed ledger containing all individual creditor accounts, supporting the main accounts payable account by listing individual transactions.

Purchases Journal

A specialized accounting journal used to record all purchasing transactions, particularly on account.