Customers Learn About Products Through Promotion, Allowing Them to Make

question 157

True/False

Customers learn about products through promotion, allowing them to make more intelligent buying decisions.

---

Definitions:

Record-Keeping Function

The systematic process of organizing and maintaining financial documents and records of a company.

Voucher System

A control or accounting system where vouchers (documents that prove a transaction) are used to authorize and record transactions in an accounts payable system.

Account Payable

The liability created by a purchase on account.

Credit Balance

A situation where the sum of credits in an account exceeds the sum of debits, often indicating a liability or revenue.