When an entry is posted, the last step in the process is
a. recording the explanation.
b. placing the account number in the Post. Ref. column of the journal.
c. placing the journal page number in the Post. Ref. column of the ledger.
d. placing the account number in the Post. Ref. column of the ledger.
e. placing the balance of the account in either the debit or credit column in the ledger.
b
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All of the following expenses paid or incurred in the course of operating a business are deductible as business expenses except
a. Costs incurred by a public utility company in connection with an appearance at a public utility commission rate making hearing. b. Political contributions. c. Penalty for nonperformance of a contract. d. Reimbursements to job applicants in connection with interviews.
TRID applies
a. HELOCs. b. construction-only loans. c. loans made by a person who makes five or fewer mortgages in a calendar year. d. reverse mortgages.