__________ Refers to Laws and Precedent Applicable to Internet Transactions

question 15

Multiple Choice

__________ refers to laws and precedent applicable to Internet transactions and communications.

• A) Cyberlaw
• B) Cyborglaw
• C) Silicalaw
• D) Simlaw

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Definitions:

Accounts Receivable

The money owed to a business by its customers for goods or services that have been delivered but not yet paid for.

NSF Checks

Non-sufficient funds checks, a term used when a check cannot be honored because the drawer's account lacks enough money.

Outstanding Checks

Checks that are recorded in the financial records but haven't been cashed or processed by the bank yet.

Adjusting Entry

A journal entry made in accounting records at the end of an accounting period to allocate income and expenditures to the appropriate period.