Accounting Software Traditionally Uses Two Different Types of Files

question 74

Multiple Choice

Accounting software traditionally uses two different types of files.The file type that is the set of relatively temporary records that will be process to update the permanent file is referred to as a(n) :

• A)Master File
• B)General File
• C)Transaction File
• D)Subsidiary File

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Definitions:

Slanderous Campaign Ads

Defamatory or malicious advertising used especially during political campaigns to harm the reputation of an opposing candidate.

Vote Determination

The process by which preferences or decisions are expressed and counted, often within the context of elections or decision-making bodies, to decide outcomes.

Profit Maximization

The method through which a company identifies the pricing and production quantity that yields the highest profit.

Production Function

A mathematical relationship capturing the quantity of output that can be produced from a given set of inputs, such as labor and capital, under certain assumptions of technology and efficiency.