What are the three primary functions performed by the transaction processing system?
converting economic events into financial transaction, recording financial transaction in the accounting records (journals and ledgers), and distributing essential financial information to operations personnel to support daily operations.
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Accountants increasingly participate in designing internal controls and improving business and IT processes in a database environment.
Answer the following statement true (T) or false (F)
Which sentence is expressed correctly?
A) New employees must attend the diversity training workshop tomorrow and, each will be required to complete a self-assessment on culture awareness and sensitivity. B) New employees must attend the diversity training workshop tomorrow and each will be required to complete a self-assessment on culture awareness and sensitivity. C) New employees must attend the diversity training workshop tomorrow, and each will be required to complete a self-assessment on culture awareness and sensitivity.
The maturity matching, or "self-liquidating", approach to financing involves obtaining the funds for permanent current assets with a combination of long-term capital and short-term capital that varies depending on the level of interest rates. When short-term rates are relatively high, short-term assets will be financed with long-term debt to reduce costs.
Answer the following statement true (T) or false (F)
A subscription agreement is merely an offer to buy
Indicate whether the statement is true or false