An Individual Item of a Text File Cannot Be Changed

question 49

True/False

An individual item of a text file cannot be changed or deleted directly.

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Definitions:

Journal Entries

are records of financial transactions in the accounting system, ensuring that the debit and credit balances are equal.

Contractual Agreement

A legally binding contract that outlines the terms and conditions between two or more parties, specifying obligations, rights, and duties.

Proportionate Rights

The entitlements of shareholders to maintain their fractional ownership of a company by buying a proportionate number of new shares during issuance.

Financial Statements

Financial statements are formal records of the financial activities and position of a business, person, or other entity, providing an overview of a company's financial performance and financial position.