Explain the Operation of Internet Sites Such as Facebook

question 35

Essay

Explain the operation of Internet sites such as Facebook.com as a way to create social networks.What do people who use Facebook gain? What might they lose?

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Definitions:

Recorded

This term signifies the process of documenting transactions and events in the accounting records of a business.

Major Account Groups

Categories used in accounting to organize and summarize financial transactions, including assets, liabilities, equity, revenue, and expenses.

Basic Chart

A visual representation of data designed to display simple information clearly and concisely, often used in reporting and analysis.

Account Number

An Account Number is a unique identifier assigned to each account within a bank or financial institution, facilitating the management, tracking, and distinction of transactions.