Arkansas Real Estate Practice Exam

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For each disbursement recorded on a tenant's ledger, what information is required?

Date disbursed, amount, check number, payee, purpose, balance
Check number, amount, bank details, payee's name
Purpose, date, tenant's signature, balance
Tenant's name, date disbursed, amount, purpose

The correct answer is: Date disbursed, amount, check number, payee, purpose, balance

For each disbursement recorded on a tenant's ledger, the required information includes the date disbursed, amount, check number, payee, purpose, and balance. Option B is incorrect because it does not include the date disbursed or purpose. Option C does not include the check number or payee. Option D does not include the check number or payee. Hence, option A is the most comprehensive and correct answer.