Final answer:
A stub attached to a customer statement is not a turnaround document; turnaround documents are used for re-entering information into a system, whereas stubs are for customer record-keeping. Therefore, the given statement is FALSE.
Step-by-step explanation:
False. The stub attached to the customer statement is not typically known as a turnaround document. A turnaround document is generally a business record that has been processed by a company's information system and is then used for input back into the same system. An example of a turnaround document might be an invoice provided to a customer, which includes a remittance portion that the customer can return with their payment. The purpose of such a document is to improve the efficiency and accuracy of data entry, as the document already contains most of the information needed for the transaction. In contrast, a stub is typically a portion of a financial document such as a check or statement that is retained by the customer for record-keeping purposes. While it may contain reference information, it does not typically become part of a company's data entry process in the same way as a turnaround document.