Long Headings Can Confuse and Distract Readers; Therefore, You Should

question 26

True/False

long headings can confuse and distract readers; therefore, you should strive to write short headings of no more than three or four words.

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Definitions:

Statement of Financial Position

A financial report detailing a company's assets, liabilities, and equity at a specific point in time, commonly known as a balance sheet.

Dishonoured Note

A promissory note that has not been paid by the issuer at its maturity date.

Accounts Receivable

This refers to the money owed to a company by its customers for goods or services already delivered or performed but not yet paid for.

Unpaid Interest

Interest on a loan or debt that has accrued but has not yet been paid by the borrower.