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The Accounting Process Relies Only on the Use of Technical

question 13

True/False

The accounting process relies only on the use of technical tools and does not require human intervention and interpretation.


Definitions:

Original Price

The initial cost of a good or service before any discounts, rebates, or price adjustments are applied.

Selling Price

The amount for which a product or service is sold to a customer.

Accurate

Free from errors or mistakes; precise and correct in details.

Cent

The smallest denomination of many currencies, representing 1/100th of the currency's main unit.

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