People's Time Spent in Training Is an Indirect Cost of Training

question 77

True/False

People's time spent in training is an indirect cost of training that must be budgeted.

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Definitions:

Debit

A financial transaction that causes a rise in the assets or a fall in the liabilities of a corporation's balance sheet.

Accounting Transactions

Economic events that require recording in the financial statements because they affect the assets, liabilities, or equity of a company.

Accounting Records

Documentation and books that keep track of the financial transactions of a business or individual, forming the basis for its financial statements.