Which File Has as Its Primary Purpose to Present Comparative

question 99

Multiple Choice

Which file has as its primary purpose to present comparative financial reports on a historic basis?

• A)journal voucher history file
• B)budget master file
• C)responsibility file
• D)general ledger history file

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Definitions:

Goodwill

An intangible asset representing the excess value paid for a company over its net assets at the time of acquisition.

Patent

A legal document granted by the government providing an inventor exclusive rights to manufacture, use, or sell an invention for a certain number of years.

Trade Name

A commercial name or designation used to identify a company or product in the market, which may or may not be registered as a trademark.

Exchange Transaction

A trade or swap of goods, services, or financial assets in the business or financial markets.