Routine Skills Are Outsourced Because the Cost of Data Communication

question 70

True/False

Routine skills are outsourced because the cost of data communication is essentially zero.

---

Definitions:

General Journal

A comprehensive record where all financial transactions of a business are originally entered before being transferred to specific accounts in the general ledger.

Cash Payments Journal

A financial journal that records all cash payments or outflows of a business.

Sales Journal

A specialized accounting journal used to record all sales transactions of a business.

Sales Revenue

The income generated from selling goods or services over a specific period before deducting any costs or expenses.