-The Diagram Shown Above Is Good for Brainstorming, but Does

question 46

True/False

-The diagram shown above is good for brainstorming, but does not show cause-and-effect.

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Definitions:

Expense

Money spent or cost incurred in an organization's efforts to generate revenue, representing the cost of doing business.

Check

A written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer.

Accounts Payable

The amount of money owed by a company to its creditors for goods and services received but not yet paid for.

Credit Sale

A type of transaction where the goods or services are provided to the customer with the agreement that payment will be made at a later date.