Accounting Information System Software Packages Use the Term "Normal Accounts

question 24

True/False

Accounting information system software packages use the term "normal accounts" for the equivalent subsidiary ledger conventionally used in accounting.

---

Definitions:

Immigration

The movement of individuals from one country to another with the intent to reside or work there, either temporarily or permanently.

Implicit Costs

The opportunity costs of using resources that are not directly paid for or billed, but represent potential income lost.

Future Earnings

Projected income or profit that an individual, company, or asset is expected to generate in the future.

Migration

The movement of people from one place to another, often from one country to another, for reasons such as employment, education, or escape from conflict.