Statements Made by Members of Congress on the Floor of Congress

question 54

True/False

Statements made by members of Congress on the floor of Congress are NOT privileged communications and may be the basis for defamation charges.

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Definitions:

Journal

A record where all financial transactions are initially noted in chronological order before being transferred to accounts in the ledger.

Transaction

A financial event or agreement that results in a change to the balance of two or more accounts within a company's financial records.

Accounts

Recordings within financial accounting that track specific types of transactions, such as assets, liabilities, equity, expenses, and income.

Journal

A comprehensive record of all financial transactions of a business, listed in chronological order.