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The Steps in the Accounting Cycle Are Different for a Merchandising

question 107

True/False

The steps in the accounting cycle are different for a merchandising company than for a service company.


Definitions:

Tickler File

An organizational system used to remind individuals of tasks, deadlines, or important dates, often structured as a series of folders or digital alerts.

Chronologic File

A method of organizing files or documents according to their date or sequence in time.

Chart

A visual representation of data, designed to make information easily understandable at a glance.

Folder

A container used to organize and store documents, files, or digital data in a structured manner.

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