Computerized Accounting Programs Have Eliminated the Need to Prepare a Trial

question 107

True/False

Computerized accounting programs have eliminated the need to prepare a trial balance.

---

Definitions:

Public Good

A public good is a commodity or service that is made available to all members of a society, typically by the government, without directly charging consumers for its consumption. These goods are characterized by their non-excludability and non-rivalrous nature.

Demand Curve

A graphical representation that shows the relationship between the price of a good or service and the quantity demanded by consumers.

Public Goods

Goods that are non-excludable and non-rivalrous, which means that one person's use of the good does not reduce its availability to others, and no one can be effectively excluded from using the good.

Private Philanthropy

Financial contributions or aid given by individuals or private organizations to support various causes and non-profit organizations.