_____ Data Exist in the Format in Which They Were

question 32

Multiple Choice

_____ data exist in the format in which they were collected.

• A) Structured
• B) Semistructured
• C) Unstructured
• D) Historical

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Definitions:

Bank Reconciliation

The process of matching the balances in an entity's accounting records for a cash account to the corresponding information on a bank statement.

Company's Balance

The total net worth or financial position of a company at a specific point in time, often reflected in the balance sheet.

Balance Per Bank

The ending cash balance in a company's bank account as per the bank's records.

Credit Memo

A document issued by a seller to a buyer, reducing the amount the buyer owes to the seller, typically due to a return or refund.