A Computerized System Uses Software to Process Transactions and It

question 134

True/False

A computerized system uses software to process transactions and it allows businesses to process transactions without actually requiring employees to journalize and post to the accounts.

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Definitions:

Machining

The process of removing material from a workpiece using power-driven machine tools to shape it into a desired form.

Activity-based Costing

Activity-based costing involves identifying and assigning costs to overhead activities and then assigning those costs to products or services based on their consumption of those activities, offering detailed insights into cost drivers.

Floral Bouquets

Arrangements of flowers often used for decorative purposes or given as gifts for special occasions, composed of various types of flowers and foliage.

Activity-based Costing

A costing method that assigns overhead and indirect costs to specific activities, improving the accuracy of product and service pricing.