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Memorandum Entry Is an Entry in the Journal That Notes

question 121

True/False

Memorandum entry is an entry in the journal that notes a significant event but has no debit or credit amount.


Definitions:

Distance

The numerical measure of how far apart objects or points are.

Average Speed

The overall rate of speed of a moving object, calculated as the total distance traveled divided by the total time of travel.

Algebraic Expression

A mathematical phrase that includes numbers, variables, and operation symbols but no equal sign.

Sales Tax

A percentage of the sale price collected by the government on goods and services.

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