A Written Document Transferring Ownership of the Home to the Buyer

question 15

Multiple Choice

A written document transferring ownership of the home to the buyer is known as the

• A)title.
• B)listing agreement.
• C)offer to purchase.
• D)deed.

---

Definitions:

Permanent/Temporary

Categories that describe the expected tenure or duration of a job, position, or assignment, denoting whether it is expected to last indefinitely (permanent) or for a limited time period (temporary).

Normal Balance

The typical side (debit or credit) on which an account increases, depending on its type (asset, liability, equity, revenue, or expense).

Financial Statement

Reports that provide detailed information about a company's financial performance and position, including income statements, balance sheets, and statements of cash flows.

Permanent/Temporary

Categories used to describe the durability of various accounts within accounting; permanent accounts track financial data across multiple periods, while temporary accounts are closed at the end of each period.