________ Is a Computer Program Developed for Conducting MDS

question 95

Multiple Choice

________ is a computer program developed for conducting MDS.

• A)MONANOVA
• B)PREFMAP
• C)LINMAP
• D)SIMGRAF

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Definitions:

Accounting Cycle

The collective process of recording and processing the accounting events of a company, culminating in the production of financial statements within a specific period.

Income Summary

An account used in the closing process that summarizes the revenues and expenses for an accounting period before transferring the net income or loss to owner's equity.

Revenue and Expense Accounts

Accounts in the general ledger that track the income generated from sales and the costs incurred during business operations, respectively.

Worksheet

A document or spreadsheet used for planning, adjusting entries, and preparing financial statements before they are finalized in official reports.