question 18 (5 points) which one of the following documents is an example of a permanent record? a) purchase…

question 18 (5 points) which one of the following documents is an example of a permanent record? a) purchase order b) general ledger c) insurance policy d) sales records question 19 (5 points)

question 18 (5 points) which one of the following documents is an example of a permanent record? a) purchase order b) general ledger c) insurance policy d) sales records question 19 (5 points)

Answer

Brief Explanations:

A general ledger is a permanent record - it contains a summary of all financial transactions over the life of a business. A purchase order is a temporary document for ordering goods. An insurance policy has a specific term. Sales records are transaction - based and may be archived but not considered permanent in the same sense as a general ledger.

Answer:

B. General ledger