It Is Essential to Estimate a System's Cost to Calculate

question 37

True/False

It is essential to estimate a system's cost to calculate its rate of return.

---

Definitions:

Check Register

A record of all checks written, deposits made, and balances for an individual’s or organization’s checking account.

Bank Statement

An official summary issued by a bank detailing a customer's transactions and balance over a specified period.

Outstanding Deposit

Any sum of money that has been transferred or sent for deposit into a bank account but has not yet been credited to the account.

Adjusted Cash Balance

The cash balance on financial statements after adjustments for checks in transit, deposits in transit, and other discrepancies.