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Learning That Is Not Manifested Until Some Later Time Is

question 224

Multiple Choice

Learning that is not manifested until some later time is called __________.


Definitions:

Business Documents

Written records that provide evidence of business transactions, agreements, and other business activities.

Ledger Accounts

Records within a ledger that show all the financial transactions of a specific account, summarized.

Book of Original Entry

It is the initial record where financial transactions are documented in the accounting system.

Accounts Payable

Debts of a business to creditors arising from the acquisition of goods and services on credit.

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