Because of the Risk of Fraud,electronic Invoices and Electronic Receiving

question 24

True/False

Because of the risk of fraud,electronic invoices and electronic receiving reports are seldom used in accounting information systems.

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Definitions:

Defined Contribution Plan

A pension plan in which the contributions into the plan are defined but the employee’s pension may vary depending on investment performance.

Annual Pension Benefit

The amount of money an individual receives from a retirement plan each year after retirement.

Installment Note

A debt that requires the borrower to make equal periodic payments to the lender for the term of the note.

Periodic Payments

Payments that are made regularly over a period of time, such as monthly rent payments.