Under the Continental System of Recording Time, 9:00 A

question 60

True/False

Under the continental system of recording time, 9:00 a.m. is recorded as 900 while 9:00 p.m. is recorded as 2100.

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Definitions:

Retires

The act of withdrawing from one's occupation or profession, often upon reaching a certain age.

Accounting Period

A specific duration of time used in accounting to prepare financial statements, often a quarter or a year.

Interest Earned

Income received from investments in interest-bearing accounts or securities, such as savings accounts, bonds, or loan interest.