A Personal Web Package Exports the Files and Folder Structure

question 82

True/False

A Personal Web Package exports the files and folder structure in a single file with the extension .fxp.

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Definitions:

Cash Sale Return

The process of refunding a customer in cash for the return of goods previously purchased with cash.

Cash Payments Journal

An accounting journal used to record all cash payments made by a company, including expenses and debtor payments.

Control Account Balance

Refers to the total balance in a general ledger account that summarizes the balances of subsidiary ledger accounts.

Subsidiary Ledger

A ledger containing the details to support a summary line item in the General Ledger, such as accounts receivable or accounts payable.