The accounts receivable system in which all the accounts receivable master data contains individual open invoices, against which payments and other adjustments are applied:
a. pre-billing system
b. open-item system
c. balance-forward system
d. post-billing system
B
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To a business, cash includes currency, coins, checks, and money orders
Indicate whether the statement is true or false
Kelly transfers shares of stock that she owns in Lone Starz Company to Max. A shareholders' meeting takes place before Max's ownership is entered in Lone Starz's stock book. A vote at the meeting can be cast by
a. Kelly and Max. b. Kelly only. c. Max only. d. neither Kelly nor Max.
The creation of an LLC is pursuant to laws enacted by the ________ government.
A. federal B. county C. state D. local township
Detailed internal reports present information with little or no filtering or restrictions of the data.
Answer the following statement true (T) or false (F)