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Which of the Following Functions Is Not Appropriate in Cases

question 25

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Which of the following functions is not appropriate in cases where a single simulation is run?


Definitions:

General Ledger

A comprehensive record of all financial transactions of a company, systematically organized by accounts.

Net Income

The remaining earnings of a company following the deduction of all expenses and taxes from its total income.

Deferred Revenue

Income received by a company for goods or services yet to be delivered or performed, recorded as a liability on the balance sheet.

Liability

A financial obligation or debt owed by a business or individual to others, which requires settlement in the future.

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