When Filing Records with Compass Points, Each Word or Unit

question 47

True/False

When filing records with compass points, each word or unit in a filing segment containing compass terms is considered a separate filing unit. ​

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Definitions:

Cash Account

An account that tracks the amount of cash on hand, including currency, checks, and balances in bank accounts.

Accounts Receivable

Debts owed by clients to a firm for goods or services provided but not yet compensated for.

Sales Revenue

The overall amount of money a business earns through the sale of products or services, prior to deducting any costs.

Cash Account

An account that records all transactions involving cash inflows and outflows.