In a Defined Contribution Pension Plan, the ________ Bears All

question 22

Multiple Choice

In a defined contribution pension plan, the ________ bears all of the fund's investment performance risk.

• A) employer
• B) employee
• C) fund manager
• D) government

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Definitions:

Journal

A detailed record of all the financial transactions of a business, which are initially documented before summarizing in the ledger.

Posting

The process of transferring journal entry amounts to ledger accounts in accounting.

Analyze Each Transaction

The process of closely examining financial transactions to ensure they are accurately recorded in the correct accounts.

Journal

A journal is a detailed account that records all the financial transactions of a business, to be used later for classifying and summarizing into financial statements.