The Answer to a Complaint That Is Made by the Defendant

question 34

Multiple Choice

The answer to a complaint that is made by the defendant is called the _____.

• A) appeal
• B) decision
• C) interrogatory
• D) written response

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Definitions:

Notes Receivable

Notes receivable are written promises for amounts to be received, typically detailing the interest rate and when the principal and interest payments are due.

Claims

Demands for payments or property ownership typically made through legal or financial processes by creditors or insurers.

Subsidiary Ledger

A detailed ledger that contains the individual accounts related to a specific main account, facilitating detailed tracking and reconciliation.

General Ledger

The primary accounting record of a company that uses double-entry bookkeeping, summarizing all transactions into debits and credits.