Internal File Labels Can Be Used to Prevent the Loss

question 92

Multiple Choice

Internal file labels can be used to prevent the loss of data in the revenue cycle since they

• A) record off-site storage locations.
• B) keep competitors from accessing files.
• C) organize the on-site physical storage site.
• D) reduce the possibility of erasing important files.

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Definitions:

Money

A medium of exchange that facilitates trade and is used as a measure of value and a store of wealth.

Accounts Receivable

Money owed to a business by its customers for goods or services delivered but not yet paid for.

Notes Receivable

Financial assets representing amounts owed to a business by entities or individuals, to be paid within a defined term.

Receivables

Money owed to a company by its customers or other parties, typically from sales of goods or services on credit.