Referring to an Accounting System, Inputs Refers to Events and Transactions

question 223

True/False

Referring to an accounting system, inputs refers to events and transactions that occur within the business, while outputs refers to the journal entries and ledger categorization that occurs after the events and transactions are recorded.

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Definitions:

Landslides

Gravitational forces causing the downward shift of earth materials, rocks, or debris along a slope.

Volcanic Eruptions

The release of magma, ash, and gases from a volcano, a geological process that can significantly alter the surrounding landscape.

Prehistoric Earthquakes

Earthquakes that occurred before recorded history, evidenced through geological formations and studies.

Seismic Recording Stations

Facilities equipped with sensitive instruments used to detect and record earthquakes and other ground vibrations.