Using Workstations,CASE Tools,and Other Software to Build Working Models of System

question 15

Short Answer

Using workstations,CASE tools,and other software to build working models of system components so that they can be quickly tested and evaluated is known as ________.

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Definitions:

Normal Balance

The side (debit or credit) of an account that is expected to have a higher balance, reflecting its nature in accounting equations.

Financial Statement

Documentation that shows an entity's financial status at a specific time, including balance sheets, income statements, and cash flow statements.

Permanent/Temporary

Categories of accounting items: permanent (or real) accounts carry their ending balances into the next accounting period, and temporary (or nominal) accounts are closed at the end of every period.

Adjusting Entries

Journal entries made at the end of an accounting period to allocate income and expenditures to the appropriate period.