A(n) ________ Is a Device That Reads Information from a Magnetic

question 24

Short Answer

A(n) ________ is a device that reads information from a magnetic strip on the back of a credit card-like identification card.

---

Definitions:

Accounts Receivable

Amounts due from customers for merchandise or services rendered by a corporation, still awaiting payment.

Utilities Expense

Costs incurred by a business for basic utilities such as water, electricity, gas, and sewage services.

Services Provided

Services provided refer to the performance of non-tangible tasks or activities by a company for its clients or customers, as opposed to selling physical products.

Customer on Account

A term used to describe a sale made on credit, where the customer agrees to pay the amount owed at a later date.