What Is the Ability to Purchase Goods and Services Through

question 137

Multiple Choice

What is the ability to purchase goods and services through a wireless Internet-enabled device?

• A) Ecommerce
• B) Mobile business
• C) Meconomics
• D) Ebusiness model

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Definitions:

Adjusted Trial Balance

A trial balance after adjustments, showing the balances of all accounts including those adjusted, which will be used for preparing financial statements.

Supplies Expense

An accounting term referring to the cost consumed in using up supplies such as office materials over a specific accounting period.

Error

A mistake in the recording, classification, or processing of financial and non-financial transactions in accounting records.

Accrued Interest

Accrued interest is the interest that has accumulated on a loan or bond but has not yet been paid. It is recognized in the accounting records before the payment is made.