A New Account Is Opened for Each Transaction Entered into by a Business

question 142

True/False

A new account is opened for each transaction entered into by a business firm.

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Definitions:

Diencephalon

An area of the brain encompassing components like the thalamus and hypothalamus, which play a role in sensory and automatic body functions.

Hindgut

Caudal or terminal part of the embryonic gut.

Cloaca

In early embryos, the endodermally lined chamber into which the hindgut and allantois empty.

Coelom

The fluid-filled cavity within the body of most multicellular animals, surrounded by a mesothelium, that houses and protects internal organs.