Which of the Following Accounting Functions Has Been Accurately Described

question 37

Multiple Choice

Which of the following accounting functions has been accurately described?

• A) Investments records help produce accurate billing of customers,and thus help to maintain good customer relations.
• B) Payroll records track if your business keeps surplus cash invested in securities.
• C) Accounts payable records help to make timely payments in order to capture prompt pay discounts and to maintain a good credit rating for the business.
• D) Credit card sales function enables that payroll and employment taxes are kept current.

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Definitions:

Immortal Soul

A concept in some religious, philosophical, and mythological traditions of an aspect of a person or living being that lives on after physical death.

Mental Activity

Processes related to the mind, including thinking, remembering, and reasoning, occurring within the brain.

Dualism

The belief in the existence of two separate entities, such as mind and body or good and evil.

Separate Entities

Independent elements or organizations not connected to each other, often used in legal and business contexts.