Question

When referring to transactional adjustments in a business context, what does the acronym MADE stand for?

a) Meticulous Adjustment Data Evaluation

b) Managing Account Documentation Efficiently

c) Manual Adjustment and Data Entry

d) Monitored Accounting Decision Execution

Answer 1

MADE stands for Manual Adjustment and Data Entry when referring to transactional adjustments in a business context. This process involves manually recording and entering adjustments made to a company's financial transactions.

Step-by-step explanation:

MADE stands for Manual Adjustment and Data Entry when referring to transactional adjustments in a business context. This acronym represents the process of manually recording and entering adjustments made to a company's financial transactions. Transactional adjustments are necessary to ensure the accuracy and completeness of financial records, and they can involve correcting errors, applying accruals, or adjusting accounts.