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Consider the Following Information Items as You Respond to the Next

question 27

Multiple Choice

Consider the following information items as you respond to the next question: i. Customer master file
Ii) Journal entry to record the receipt of cash
Iii) Pre-numbered documents
Iv) Schedule of accounts receivable
Accounting information systems have five generic elements, one of which can be directly applied to the other four. Which information item above best exemplifies that element?


Definitions:

StdDev

Standard Deviation, a measure of the amount of variation or dispersion in a set of values.

Median

The central number in a series that divides the upper half from the bottom half.

StdDev

A rephrased term for standard deviation, indicating the degree to which individual data points in a set diverge from the mean value.

Mean

A mathematical average of a set of numbers, calculated by adding them all together and dividing by the number of numbers.

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