Web 30 Is an Effort to Add a Layer of Meaning

question 61

True/False

Web 3.0 is an effort to add a layer of meaning to the existing web in order to reduce the amount of human involvement in searching for and processing web information.

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Definitions:

Company's Records

Documentation and files that contain important information about a company's operations, financial transactions, and legal obligations.

Outstanding Checks

Checks that have been written and recorded in the issuing entity's accounting system but not yet cashed or cleared by the bank.

Bank Statement

A document issued by a bank detailing all transactions in an account over a specified period, including deposits, withdrawals, and fees.

Bank Reconciliation

The process of comparing and matching figures from the accounting records against those presented on a bank statement to ensure they are consistent and accurate.