A Transaction File Is Also Known as a Detail File

question 19

True/False

A transaction file is also known as a detail file.

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Definitions:

Transfer

The act of moving an asset, title, right, or interest from one entity or individual to another, which can occur through various means such as sales, gifts, or inheritance.

Acceptance

The act of agreeing to the terms of an offer, thereby creating a binding contract.

Certified

Officially recognized as possessing certain qualifications or meeting certain standards.

Demand Money

A request for payment or compensation.