Preventive Maintenance Is Nothing More Than Keeping the Equipment and Machinery

question 86

True/False

Preventive maintenance is nothing more than keeping the equipment and machinery running.

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Definitions:

Journal Entry

A record in accounting that represents a transaction and its effect on various accounts, used to capture financial activities in the books.

Sacred Church

A term not typically used in finance or accounting; it likely refers to a religious institution considered holy or consecrated.

Life Insurance Receivable

An asset representing the amount due to a beneficiary upon the death of the insured person, or the cash value of a policy owned by a company.

Rental Income

Earnings received from renting out property or other assets.