Before You Complete a Sort You Need to Decide Whether

question 53

True/False

Before you complete a sort you need to decide whether you want to put the list in ascending or descending order.

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Definitions:

Debit Memo

A document issued to adjust downwards the amount of money owed to a business by a customer or another business.

Journal Entries

Entries made in a journal documenting every financial transaction of a business and used as the first step in the accounting cycle.

Outstanding Checks

Checks that have been written and recorded in the payer's accounting records but have not yet been cashed or deposited by the payee.

Petty Cash

A modest sum of money maintained in reserve for small, unplanned costs.