Which One of the Following Is Not a Reason for Entering

question 20

Multiple Choice

Which one of the following is not a reason for entering currency information early in the setup -

• A)to allow entering sales tax codes for foreign suppliers and customers
• B)to allow selection of currency for suppliers and customers
• C)to allow entering bank account balances in the foreign currency
• D)to allow entering the linked bank account for foreign currency transactions

Understand the significance of the Hill-Burton Act in the improvement and construction of hospitals.

Recognize the role of the National Institutes of Health (NIH) in supporting biomedical research.

Understand the purpose and scope of the Uniform Anatomical Gift Act.

Understand the expected growth trends in medical assistant employment.

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Definitions:

Bank Loans

Debt provided by banking institutions that is repayable over a set period of time with interest.

Pledged

Assets that are promised or committed as security for the fulfillment of a debt or an obligation.

Accounts Receivable

The money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.

Collateral

Collateral is an asset that a borrower offers to a lender to secure a loan. If the borrower fails to repay the loan, the lender has the right to seize the collateral.