The Formats Used to Convey Messages, Including Oral, Written, and Electronic

question 24

Multiple Choice

 The formats used to convey messages, including oral, written, and electronic, are referred to as communication

• A) systems.
• B) media.
• C) styles.
• D) channels.

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Definitions:

Owner's Capital Account

An equity account on a company's balance sheet representing the owner's invested funds plus the net income minus the withdrawals by the owner.

Closing Entries

A set of journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts.

Revenue Account

An account that tracks the income earned by a company, including sales revenue, services revenue, and interest income.

Adjusted Balances

Balances reported in financial statements that have been modified for any adjustments, like accruals or prepayments, to reflect true values.