Accounting Software Makes It Easier to Keep Track of Client

question 17

True/False

Accounting software makes it easier to keep track of client funds,so long as the data and transactions concerning those funds are entered properly.

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Definitions:

Subsidy Benefit

Financial support provided by the government or an organization to reduce the cost of goods or services for the end-user.

Inelastic Supply

A situation where the quantity supplied of a good does not change significantly when its price changes.

Elastic Supply

The responsiveness of the quantity supplied of a good or service to a change in its price, with a high elasticity indicating that supply can adjust quickly to price changes.

Subsidy

A financial contribution provided by the government to support or promote a particular economic activity or sector.