Value checks are performed for data that is:

A) continuous.
B) discrete.
C) cross-referenced.
D) using a check digit.
E) stored on a master file.

B

Business

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Which of the following characteristics apply to liquid assets?

A) They are characterized by low returns. B) They involve low risk. C) The temptation to spend is greater. D) All of the above are correct.

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Which of the following transactions would be recorded in a sales journal of the type illustrated in the text?

A) customer return of merchandise originally bought on credit B) customer purchase of merchandise for cash C) sale by a used car dealer of part of the property surrounding his display lot D) customer purchase of merchandise on credit terms

Business