Organizations Using ERP Systems Employ an Internal Control Tool Called

question 71

True/False

Organizations using ERP systems employ an internal control tool called a role.

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Definitions:

Chart Of Accounts

A systematic listing of all the accounts used by an organization, representing different types of transactions.

Intangible Items

Assets that do not have a physical form yet are valuable because of the advantages or rights they confer to a business, like patents or trademarks.

Physical Items

Tangible objects or goods that can be seen, touched, and measured.

Debit Side

The left side of an accounting ledger where increases in assets, expenses, and losses or decreases in liabilities and equity are recorded.