A(n)-----------Accounting System Is Normally Used When Standard Types of Products

question 45

Short Answer

A(n)-----------accounting system is normally used when standard types of products are made in continuous operations.

---

Definitions:

Banking System

denotes the network of institutions that provide financial services, including deposits, loans, and currency exchanges.

Collection Float

The time difference between when a check is deposited into a bank account and when the funds are made available.

Availability Delay

The lag time between when a deposit is made into an account and when the funds become available for use.

Collection Float

The time difference between when a check is deposited into a bank account and when the amount is credited to the account, affecting the cash flow.