A Private Internet That Is Used Exclusively Within an Organization

question 5

True/False

A private internet that is used exclusively within an organization is also called an intranet.

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Definitions:

Bad Debts Expense

An expense reported on the income statement, representing the estimate of receivables that are not expected to be collected.

Contra Account

An account used in the ledger to offset a related or a parent account, often showing the amount of reductions or adjustments to the main account.

Sales Account

An account in the general ledger that records the sales of goods or services.