Output from the Accounting System Is Reserved for Internal Users

question 48

True/False

Output from the accounting system is reserved for internal users only.

---

Definitions:

Net Income

The remainder income for a company once it has accounted for all expenditures and tax payments from its earnings.

Sales

Transactions involving the exchange of goods or services for money or equivalent rewards.

Quick Ratio

A financial metric that measures a company’s ability to meet its short-term obligations with its most liquid assets.

Current Ratio

A financial metric assessing a firm's capacity to meet its obligations due within the next year by dividing its current assets by its current liabilities.