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A Proxy Is Revocable to the Same Extent as an Agency

question 53

True/False

A proxy is revocable to the same extent as an agency.


Definitions:

Posting

The process of recording financial transactions in the accounting books, such as a ledger or journal.

Source Documents

Original records that contain the details necessary to support the transactions entered in an accounting system, such as invoices, receipts, or contracts.

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