When Preparing the Transaction File,occasional Data Editing of Source Documents

question 5

True/False

When preparing the transaction file,occasional data editing of source documents prior to input is suggested.

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Definitions:

Chart of Accounts

A list of all accounts in the general ledger, each identified by a unique number.

Edit Account

The process of modifying the details or settings of an existing account in an accounting or financial system.

Company Center

Likely a feature or section within business or accounting software that provides an overview or management tools for company information and operations.

Temporary Accounts

Accounts in accounting that are closed at the end of the accounting period and include revenues, expenses, and dividends accounts.