Which of the Following Services Will NOT Be Offered by Insurance

question 6

Multiple Choice

Which of the following services will NOT be offered by insurance companies?

• A)taking deposits
• B)selling policies with saving features
• C)administrating pension funds
• D)making payments to beneficiaries

---

Definitions:

Perpetual Inventory System

An accounting method that continuously updates inventory records for each addition or subtraction, reflecting current inventory levels in real-time.

General Journal

A foundational accounting record where all transactions are initially recorded using double-entry bookkeeping before being posted to specific accounts in the general ledger.

Perpetual Inventory System

A method of inventory management where updates to inventory records are made immediately following each transaction, providing a continuous record of inventory levels.

Terms 1/10, n/30

A payment term indicating that a buyer can take a 1% discount on the invoice amount if payment is made within 10 days, otherwise the full (net) amount is due in 30 days.