Credit Sales Are

question 8

Multiple Choice

Credit sales are:

• A)Recorded using a Create Invoices window
• B)Recorded in a Credit Card Sales window
• C)Recorded using the Create Sales Receipts window
• D)None of these

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Definitions:

Equity Securities

Financial instruments indicating ownership in a corporation, such as stocks, which provide dividends and capital gains as returns to investors.

Stated Value

In accounting, a value assigned to share capital that does not have a par value; used for legal capital determination.

No-par Stock

Stock issued without a specified face value or par value.

Share

An individual portion of ownership in a corporation, represented by a stock.