As Part of Good Internal Control,disbursements Can Be Made Either

question 39

True/False

As part of good internal control,disbursements can be made either by check or cash.

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Definitions:

Intangibles

Assets owned by a company that don't have physical substance but have value, such as patents, trademarks, and copyrights.

Intangible Assets

Refers to non-physical assets that have value, such as patents, trademarks, goodwill, and copyrights.

Finite Life

Refers to assets or investments that have a defined time period over which they are expected to generate returns or be useful.

Amortize

The process of paying off a debt over time through regular payments, which can include portions of both principal and interest.