Which One of the Statements Below Is Not a Purpose

question 97

Multiple Choice

Which one of the statements below is not a purpose for the journal?

• A) to show increases and decreases in accounts
• B) to show a chronological order by date
• C) to show a complete transaction in one place
• D) to help locate errors

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Definitions:

Risk-Free Rate

The theoretical rate of return of an investment with zero risk, often represented by the yield on government Treasury bills.

Stock Index

A measurement of a section of the stock market, usually representing the performance of certain stocks or industries.

Soybean Future

A standardized contract for the future sale or purchase of soybeans, traded on a commodities exchange.

Wheat Spot Price

The current market price at which wheat can be bought or sold for immediate delivery.