There Is Ample Evidence That the Use of Optical Scanning

question 18

True/False

There is ample evidence that the use of optical scanning methods and voice-activated request systems has increased reliance on old-style record keeping.

---

Definitions:

Prepared

The state of being made ready in advance for a specific purpose or event.

Adjusted Trial Balance

A compilation of all accounts along with their adjusted balances, employed for the creation of financial reports.

Adjusting Entries

Journal entries made at the end of an accounting period to update the accounts and ensure that the reported financial statements are accurate and complete.

Net Income

The total earnings of a company after subtracting all expenses, including taxes and costs, from its total revenues.