WANs Are Widely Used by Organizations to Link Microcomputers and to Share

question 44

True/False

WANs are widely used by organizations to link microcomputers and to share printers and other resources.

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Definitions:

Payables

Short-term liabilities of a company, representing amounts owed to suppliers or creditors for goods and services received but not yet paid for.

Control Accounts

General Ledger accounts that summarize the balances of numerous subsidiary accounts, used to consolidate and reconcile details.

Computerized Accounting System

An accounting system that utilizes software to record, store, and process financial transactions and data.

Month-end Postings

The journal entries made at the end of the month to record all transactions and adjustments for that month.