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Validation in DBT Primarily Attempts to Communicate to the Client

question 57

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Validation in DBT primarily attempts to communicate to the client that:


Definitions:

Asset

An economic resource or a controlled item of value that an individual, corporation, or country owns or controls with the expectation that it will provide future benefit.

Revenues

The total income generated from normal business operations, including discounts and deductions for returned merchandise.

Cash Receipts

The collection of money, including cash, checks, and credit card payments, recorded by a business.

Cash Payments

Transactions where the payment for goods or services is made in cash at the time of purchase.

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