Which of the Following Is Not a Primary Source of Corporate

question 116

Multiple Choice

Which of the following is not a primary source of corporate debt financing?

• A)Bonds Payable.
• B)Common Stock.
• C)Leases.
• D)Notes Payable.

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Definitions:

Special Journal

A type of accounting journal dedicated to recording specific types of transactions, such as sales or purchases, to increase efficiency.

Purchases Journal

A specialized accounting journal used to record all purchases of goods and services on credit.

Cash Receipts Journal

A specialized accounting journal used to record all receipts of cash.

General Journal

A primary accounting record used to record all business transactions not specifically assigned to a special journal.