Bonds Issued by a Local Entity,denominated in the Local Currency,traded

question 28

Multiple Choice

Bonds issued by a local entity,denominated in the local currency,traded in a local market,but purchased by foreigners are called:

• A)domestic bonds.
• B)Yankee bonds.
• C)Eurobonds.
• D)foreign bonds.

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Definitions:

General Ledger

The general ledger is the primary accounting record of a company that uses double-entry bookkeeping, summarizing all transactions into accounts for financial statements.

Allowance for Doubtful Accounts

a contra-asset account that estimates the portion of accounts receivable that may not be collectible.

Trade Receivables

Trade receivables are amounts owed to a business by its customers resulting from the sale of goods or services on credit.

Sales Transactions

These are dealings or agreements carried out between two parties, where goods or services are exchanged for money or other considerations.