When Entering Due Dates of Opposing Parties,it Is Not Necessary

question 3

True/False

When entering due dates of opposing parties,it is not necessary to have numerous reminders.

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Definitions:

Cross-footing

A method used in accounting to check the arithmetic accuracy of accounts by comparing the sums of the totals in the opposite directions.

Special Journals

Special journals are accounting tools used to record specific types of transactions in a more efficient manner, such as sales, purchases, cash receipts, and disbursements.

Monthly

Pertaining to or occurring once every month.

Daily

Daily refers to something done, occurring, or measured every day or each business day.