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A Trailer Label Is the Last Record of an Inventory

question 93

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A trailer label is the last record of an inventory file,which contains a record count of the number of records in the file.


Definitions:

Admitted

An insurance term referring to insurers who are licensed and authorized to do business in a particular state or country.

Partnership

A business organization where two or more individuals manage and operate the business in accordance with the terms and objectives set out in the Partnership Deed.

Contributing Assets

Assets given by owners or shareholders as part of their investment in the company.

Capital Balances

The amount of money invested in a company by its owners or shareholders.

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