One Characteristic of Cattle That Makes Them Unsuitable as a Medium

question 134

True/False

One characteristic of cattle that makes them unsuitable as a medium of exchange is that they are not easily divisible.

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Definitions:

Cash Short

A situation where the actual cash on hand is less than the expected amount, often detected through cash register or petty cash reconciliations.

Selling Expenses

Costs directly associated with the marketing and selling of products or services.

Bank Reconciliation

The process of comparing and adjusting the balance shown in an organization's bank statement, with the balance shown in its own financial records.

Deposits In Transit

Funds that have been deposited in a bank account but not yet recorded by the bank in the account balance, often due to timing differences.