The Ntbtlog.txt File Is Saved in the ______________ Folder

question 17

Short Answer

The Ntbtlog.txt file is saved in the ______________ folder.

Recognize the essential need for professional judgment and basic knowledge of accounting systems by decision-makers.

Understand the division of labor and control procedures facilitated by special journals.

Understand how to join tables in a database and the purpose of doing so.

Learn to export data from queries into external applications like Excel.

---

Definitions:

Collection

The process of obtaining payment on outstanding accounts or the grouping of specific items, as in art or stamps.

Disbursements Float

The time difference between when a payment is made by a firm and when the funds are actually withdrawn from the firm's bank account.

Preauthorized Payments

Automated payments set up to charge a bank account or credit card for recurring bills or subscriptions on a pre-set schedule.

Collection Float

The time period between when a check is deposited in a bank and when the funds are available in the account, impacting cash flow management.