In Order to Prevent a Transaction from Being Recorded More

question 171

True/False

In order to prevent a transaction from being recorded more than once a company should maintain only one book of original entry.

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Definitions:

Established Parent

A term possibly referring to a parent company that has a long-standing presence and reputation in its industry.

More Organic

Referring to approaches or systems that are more natural, flexible, and adaptable, often in contrast to structured or mechanistic methods.

Span Of Control

The number of direct reports a manager or leader has, impacting the complexity of supervision and communication.

Tall Versus Flat

A description comparing organizational structures where "tall" refers to many hierarchical levels and "flat" signifies fewer levels and potentially more decentralized decision-making.