An Inactive Account Should Be Immediately Removed from the General

question 62

True/False

An inactive account should be immediately removed from the general ledger for security reasons.

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Definitions:

Industrial Demand

The total demand for goods and services by industries, which is influenced by economic conditions, technological advancements, and market trends.

Military Build-Up

The process of a nation increasing its military capability through the acquisition of weapons and strengthening of forces.

Expansionary Monetary Policy

A policy adopted by a central bank to increase the money supply and decrease interest rates to stimulate economic growth.

New Deal Policies

A series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States during the 1930s, aimed at restoring prosperity during the Great Depression.