Before Using a Dial-Up Access Number to Connect to the Internet

question 37

True/False

Before using a dial-up access number to connect to the Internet, verify that it is a local telephone number; if it is not, you will incur long-distance charges.

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Definitions:

Cash Sales

Transactions where payment is made in cash at the time of sale, without any credit arrangement.

Cash Receipts Journal

A dedicated financial journal that tracks all cash inflows or money received by a business.

Sales Journal

An accounting ledger in which sales of services or goods on credit are recorded, also known as the sales book.

Closing Entries

Journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts.