Accounting Software Was Often Not Available in the Early Days

question 74

True/False

Accounting software was often not available in the early days of computers which required that the organization would develop, program, and implement their in-house accounting software.

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Definitions:

Issue Price

The price at which new shares or bonds are offered to the public by a company or government for the first time.

Yield Per Annum

The annual return on an investment, expressed as a percentage of the total investment.

Retirement Income

Income that an individual receives after retiring from active employment, which can come from pensions, savings, investments, and government benefits.

After Tax

Referring to the net amount remaining after income tax has been deducted from gross income.