The Difference Between an Inflow or Outflow Goal and Sum

question 28

True/False

The difference between an inflow or outflow goal and sum of flow is a runaway loop.

---

Definitions:

Subsidiary Ledger

A detailed ledger that contains the accounts of specific areas of business, supporting data for accounts in the general ledger.

Accounts Receivable

Financial obligations of customers towards a business for delivered products or services awaiting payment.

Discount Period

The time frame within which a payment can be made at a reduced rate.

Asset Account

An account on a balance sheet representing resources owned by a company that have economic value.