Write True or False to the Statements Below

question 205

True/False

Write True or False to the statements below.If the statement is false, rewrite the underlined word or phrase to make the statement true.
-In Ethiopia, Orthodox Christianity is most common.

---

Definitions:

Accounting System

A methodical procedure of accurately and timely recording and organizing financial transactions and information.

General Journal

A primary accounting record used for recording all types of transactions and events, ensuring every financial activity is documented.

Special Journal

A financial journal designed for recording a specific type of transaction in a more efficient manner.

Accrual Basis

An accounting method where revenues and expenses are recorded when they are earned or incurred, regardless of when the cash transaction occurs.