In the SAP ERP System,inputs to the General Ledger Occur

question 28

True/False

In the SAP ERP system,inputs to the general ledger occur simultaneously with input of business transactions to the various modules.

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Definitions:

Money

A medium of exchange that facilitates trade and is used as a measure of value and a store of wealth.

Accounts Receivable

Money owed to a business by its customers for goods or services delivered but not yet paid for.

Notes Receivable

Financial assets representing amounts owed to a business by entities or individuals, to be paid within a defined term.

Receivables

Money owed to a company by its customers or other parties, typically from sales of goods or services on credit.