Describe Validity and Reliability

question 6

Essay

Describe validity and reliability. How would you know if an intelligence test was reliable?

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Definitions:

Accounting System

A methodical procedure of accurately and timely recording and organizing financial transactions and information.

General Journal

A primary accounting record used for recording all types of transactions and events, ensuring every financial activity is documented.

Special Journal

A financial journal designed for recording a specific type of transaction in a more efficient manner.

Accrual Basis

An accounting method where revenues and expenses are recorded when they are earned or incurred, regardless of when the cash transaction occurs.