Transaction Information May Be Entered Directly into the Accounts Without

question 150

True/False

Transaction information may be entered directly into the accounts without using a journal.

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Definitions:

Legal Goals

Objectives that laws and legal systems aim to achieve, such as justice, protection of rights, and maintenance of social order.

Positive Impact

The beneficial effect or outcome that positively affects a community, environment, or individual.

RMBCA

The Revised Model Business Corporation Act is a set of model laws prepared by the American Bar Association that provides a guideline for the governance of corporate affairs.

Bylaws Amended

The act of making changes or revisions to the bylaws, which are the rules and regulations governing an organization, typically requiring approval by a governing body or membership.