Long-Distance Calls

Person-to-Person Calls
Person-to-person calls are long-distance, operator-assisted telephone calls where the caller specifies the name of the person they wish to speak to. The caller is not charged if the specified individual is unavailable.
Wide Area Telephone Service (WATS)
Wide Area Telephone Service (WATS) is a specialized telecommunication service used primarily by businesses for making long-distance calls over a large geographic area at reduced rates.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.