File Maintenance Is a Routine Process That Occurs at Specific

question 43

True/False

File maintenance is a routine process that occurs at specific time intervals.

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Definitions:

Deferral Method

An accounting practice where revenue or expenses are recorded in a period different from when they are actually earned or incurred.

Programmatic Reporting

A method of reporting that involves the use of automated software to generate data reports, often used in digital advertising and marketing.

Donations

Voluntary transfers of assets, including cash, goods, or services to another party without directly receiving something of equal value.

Endowment Contribution

A donation made to an organization with the stipulation that the funds are to be invested and the principal remained intact.