While Social Media, Emails, IMs and Blog Posts Are Informal

question 7

True/False

While social media, emails, IMs and blog posts are informal, they still require a great deal of time and thought in a business context.

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Definitions:

Category Type

A classification within financial and accounting records used to group similar transactions or accounts for easier management and analysis.

Detail Type

Detail Type in accounting software helps categorize financial transactions more specifically within a broader account type for better clarity and reporting.

COA

An abbreviation for Chart of Accounts; a systematic list of account titles and numbers used by a company to organize its financial transactions and prepare financial statements.

Sub-accounts

Secondary accounts nested under a primary account, used for more granular management of finances.