___________ Are the Standards That Specify the Format of Data

question 101

Short Answer

___________ are the standards that specify the format of data as well as the rules to be followed during transmission.

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Definitions:

Payroll Records

Documentation related to employees’ pay, including details of salaries, wages, bonuses, deductions, and taxes, maintained by an employer.

Journal Entry

An accounting entry documenting the specifics of a financial deal.

Current Liability

A company's debts or obligations that are due within one year.

Operating Activities

These involve the primary, day-to-day activities of producing goods or providing services, which generate most of the company's revenue.