As Technology Develops and Research Is Increasingly Conducted Using Electronic

question 18

True/False

As technology develops and research is increasingly conducted using electronic resources,it is no longer important to know how to research using print resources.

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Definitions:

Liabilities

Debts or financial responsibilities that a company has towards others, requiring settlement via the transfer of economic resources over a period.

Debits

Entries in accounting that represent an increase in assets or expenses, or a decrease in liabilities, equity, or income.

Credits

Accounting entries that increase liabilities or equity or decrease assets or expenses.

Journal Entries

The recording of financial transactions into a company's accounting records, documenting the details of financial transactions that affect the financial statements.