An Area of a Facility That Has No Security Interest

question 26

Multiple Choice

An area of a facility that has no security interest is classified as _________.

• A) unrestricted
• B) controlled
• C) limited
• D) exclusion

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Definitions:

Ledger Account

A set of accounts in a ledger that provides a record of financial transactions categorized by account type.

Record-Keeping Function

The systematic process of organizing and maintaining financial documents and records of a company.

Voucher System

A control or accounting system where vouchers (documents that prove a transaction) are used to authorize and record transactions in an accounts payable system.

Account Payable

The liability created by a purchase on account.