Credit Files Can Include All of the Following Except

question 57

Multiple Choice

Credit files can include all of the following except

• A) Employer, position, and income.
• B) Previous address.
• C) Spouse's name, Social Security number, employer, and income.
• D) Race or nationality.
• E) Checks returned for insufficient funds.

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Definitions:

Debit Columns

Sections in accounting journals or ledgers where debits are recorded, used for increasing asset and expense accounts and decreasing liability, equity, and revenue accounts.

Adjusting Journal Entries

Entries made in the accounting records to correct any discrepancies or to make non-cash adjustments.

Wages Expense

The total cost incurred by an employer for paying the hourly earnings of its employees.

Wages Payable

The total amount of wages earned by employees that the company has not yet paid.