You Should Store Backup Copies of Your Electronic Files on an External

question 45

True/False

You should store backup copies of your electronic files on an external hard drive or thumb drive.

---

Definitions:

Cash Collections

The process of gathering and managing payments received from customers or clients.

Credit Sales

Sales transactions where the payment is deferred, and goods or services are provided on credit.

Raw Materials Purchases

The total cost of raw materials bought for use in the production of goods or products during a specific accounting period.

Accounts Payable

Liabilities or amounts owed by a company to suppliers for purchases made on credit.