Valuation Consists in Giving a ____ Value to the Transaction

question 22

Multiple Choice

Valuation consists in giving a ____ value to the transaction so it can be recorded.

• A) Legal
• B) Monetary
• C) Economic
• D) Positive

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Definitions:

Enterprise Resource Planning

A type of software that organizations use to manage day-to-day business activities such as accounting, procurement, project management, and manufacturing.

Human Resource Management

A function in organizations designed to maximize employee performance in service of an employer's strategic objectives.

Accounting Sales

The recorded revenue from goods or services sold or provided to customers, reflecting income generated by a business.

Subsidiary Ledger

A detailed ledger that contains all the transaction information of a specific account, which then summarizes to a general ledger.