Because of Double-Entry Accounting, Misstatement of an Expense Account Usually

question 118

True/False

Because of double-entry accounting, misstatement of an expense account usually also results in an equal misstatement of accounts payable.

---

Definitions:

Network Structure

A network structure links networks of outside suppliers and service contractors to a company’s core functions.

Operating Efficiency

The capability of an organization to deliver products or services in a cost-effective manner while maintaining quality.

Computerised Networking

The use of computer systems and digital technologies to establish connections and facilitate communication between individuals or organizations.

Integration

The process of combining or coordinating separate parts or entities into a unified whole, often used in business strategies or system functionalities.