When an Accounting Team Automates Account Reconciliations This Is an Example

question 3

Multiple Choice

When an accounting team automates account reconciliations this is an example of:

• A)Robotic process automation.
• B)Spreadsheet automation.
• C)Natural language automation.
• D)Internet automation.

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Definitions:

Check

A written, dated, and signed instrument that contains an unconditional order from the drawer that directs a bank to pay a definite sum of money to a payee.

Salaries

Regular payments made to employees for their labor or service, typically expressed as an annual amount but often paid on a monthly or bi-weekly basis.

Adjusting Journal Entry

An accounting record entered at the closing of a financial period to distribute profits and losses to the correct period.

Five-Day Week

A work schedule that typically consists of five eight-hour days, totaling 40 hours, usually from Monday to Friday.