​The First Step in Preparing a Report Is Locating Information

question 41

True/False

​The first step in preparing a report is locating information to support your ideas.

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Definitions:

Voucher Payment

A method of payment that involves creating a voucher or document detailing the payable amount to a vendor or supplier.

Financial Statement

A written report which quantitatively describes the financial health of a company, including balance sheets, income statements, and cash flow statements.

Normal Balance

The side of the account (debit or credit) on which increases to the account are recorded.