Even If They Would Normally Have to Be in Writing,if

question 6

Multiple Choice

Even if they would normally have to be in writing,if applicable criteria are met,oral contracts for _____ goods are enforceable.

• A) Retailed
• B) Wholesale
• C) Collateral
• D) Consumer
• E) Customized

---

Definitions:

General Ledger

A comprehensive collection of a company's accounts, including all transactions and balances, used for preparing financial statements.

Special Journal

A type of accounting journal designed for recording a specific kind of transaction in a more efficient and detailed manner.

General Journal

A comprehensive record of all financial transactions of a company, listed in chronological order.

Correcting Entry

A correcting entry in accounting is a journal entry made to amend a previously recorded error in the financial statements.