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Which of the Following Is True About RTS/CTS

question 33

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Which of the following is true about RTS/CTS?

Describe the components and functions of a promissory note.
Understand how promissory notes affect financial statements, particularly regarding current assets and liabilities.
Record transactions involving promissory notes, including issuance, payment, and extension.
Comprehend the accounting implications of promissory notes on accounts payable and receivable.

Definitions:

Need for Achievement

A psychological trait that drives individuals to pursue and achieve goals, often associated with higher motivation and performance.

Hygiene Factors

Are found in the job context, such as working conditions, interpersonal relations, organisational policies and salary.

Job Satisfaction

Job satisfaction is the level of contentment and fulfillment a person feels towards their job, influenced by various factors like work environment, job role, compensation, and work-life balance.

McClelland's Motivation Theory

highlights the need for achievement, power, and affiliation as the key drivers of human motivation, influencing behavior in personal and professional contexts.

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