A ____ Is a Copy That Is Kept in Case

question 41

Multiple Choice

A ____ is a copy that is kept in case values need to be restored to their original state.

• A) read-only file
• B) backup file
• C) primary file
• D) secondary file

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Definitions:

Adjusting Entry

A journal entry made at the end of an accounting period to allocate income and expenditures to the correct period.

Effective Interest Method

An accounting practice used to allocate bond premiums or discounts over the life of the bond.

Straight-Line Amortization

A method of allocating an intangible asset's cost evenly across its useful life, resulting in a consistent expense amount each period.

Theoretical Difference

Refers to the conceptual distinctions between ideas, methods, or phenomena.