Authenticate Means to Sign or to Adopt Any Symbol on an Electronic

question 59

True/False

Authenticate means to sign or to adopt any symbol on an electronic record that verifies the intent to adopt or accept the record.

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Definitions:

Normal Balances

The side (debit or credit) on which increases to the account are recorded, depending on the account type.

Expense Account

An account used to track money spent or costs incurred in the operation of a business, contributing to the overall expenses.

Owner's Capital

The total equity or financial contribution provided by the owner(s) of a business.

Prepaid Insurance

An asset account that represents payments made for insurance coverage before the coverage period.