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Implicit Transactions Are Events Such as Cash Receipts and Disbursements

question 74

True/False

Implicit transactions are events such as cash receipts and disbursements that trigger nearly all day-to-day routine entries.


Definitions:

Effectiveness

The degree to which objectives are achieved, reflecting the capability of producing a desired result.

Appropriateness

The quality of being suitable or proper in a given context or situation.

Appropriateness

The quality of being suitable or proper in a given situation or context.

Manipulation

The act of controlling or influencing someone or something to do what one wants, often in a deceitful or unfair way.

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