To Import External Data from a World Wide Web Site

question 51

True/False

To import external data from a World Wide Web site, it is necessary to have access to the Internet.

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Definitions:

Disbursed Accounts

These are accounts from which funds have been paid out or disbursed, typically to settle obligations or expenses.

Petty Cash Fund

A minimal sum of money maintained for the purpose of covering various minor expenditures on the spot.

Journal Entry

A record in accounting that represents a transaction and its impact on various accounts, used to track financial activities.

Cash Short and Over

An account that records the discrepancies between the actual amount of cash received and the expected amount as per records.