Which of These Should Not to Be Recorded in the 'Office

question 26

Multiple Choice

Which of these should not to be recorded in the 'office equipment' ledger account?

• A) Fax machine
• B) Photocopier
• C) Computer
• D) Office curtains and carpets

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Definitions:

Federal Tax Returns

Documents filed with the IRS that calculate taxable income, report taxes owed, and detail financial information for tax assessment purposes.

Certificate of Dissociation

A legal document that formalizes the withdrawal of a partner from a partnership, detailing the terms of their exit and the continuation of the partnership.

Partnership

A legal form of business operation between two or more individuals who share management and profits. The partners are personally liable for the debts and obligations of the business.

Liability

A legal responsibility for one's actions or the obligation to make restitution for harm caused to others.