Business Intelligence Software Analyzes Data and Extracts Useful Insights,patterns,and Relationships

question 25

True/False

Business intelligence software analyzes data and extracts useful insights,patterns,and relationships that might be significant.

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Definitions:

Deposits In Transit

Deposits in transit are amounts that have been received and recorded by a company, but have not yet been processed or acknowledged by the bank.

Deductions

Specific amounts subtracted from gross income to reduce the taxable income, including allowances, expenses, and exemptions.

Voucher Register

A journal that records all vouchers once they are approved, which includes amounts to be paid, to whom, and the accounts affected.

Approved Vouchers

Documents that have been verified and authorized for payment because they accurately reflect the goods or services received.