Traditional Accounting Software Is Much More Comprehensive and Encompassing That

question 110

True/False

Traditional accounting software is much more comprehensive and encompassing that ERP software.

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Definitions:

Accounts Payable

Liabilities owed by a business to its creditors for goods and services purchased on credit.

Cash Flow

The total amount of money being transferred into and out of a business, especially as affecting liquidity.

Operations

Activities involved in the day-to-day running of a business for the purpose of producing value for the stakeholders.

Accounts Receivable

Money owed to a company by its customers for goods or services provided on credit.