Select the Choice That Describes the Type of Transaction and Whether

question 133

Short Answer

Select the choice that describes the type of transaction and whether it should be recorded in the accounting system. (Choices may be used more than once.)
a.External event to be recorded as a transaction
b.Internal event to be recorded as a transaction
c.Event which should not be recognized in the accounting system
-Payments are received from customers to whom merchandise was sold on credit.

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Definitions:

Heart Disease

A broad term covering any disorder of the heart, including coronary artery disease, heart attacks, and congenital heart defects.

Lung Cancer

A type of cancer that originates in the lungs and is often associated with smoking and exposure to air pollutants.

Optimal Level

The most favorable or desirable level of functioning, performance, or condition.

Arousal

A physiological and psychological state of being awake or reactive to stimuli, often involving physiological changes such as increased heart rate and blood pressure.