An Example of an Implicit Transaction Is Cash Received on Account

question 5

True/False

An example of an implicit transaction is cash received on account.

---

Definitions:

Abstinence

The act of refraining from engaging in certain behaviors or indulgences, commonly used in the context of sexual activity or substance use.

Postpartum Blues

A common, temporary psychological state of sadness, worry, and weariness that many mothers experience shortly after childbirth.

Mood Disorder

A psychological disorder characterized by the elevation or lowering of a person's mood, such as depression or bipolar disorder.

Oral Contraceptive

A medication taken by mouth to prevent pregnancy, commonly known as the birth control pill, which contains hormones to inhibit ovulation.