An Accounting System in Which Every Business Transaction Is Recorded

question 6

Multiple Choice

An accounting system in which every business transaction is recorded in an asset account, a liability account, or an owner's equity account in order for the system to balance is known as which of the following?

• A) double-entry accounting
• B) open-book accounting
• C) managerial accounting
• D) cost accounting

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Definitions:

Quarterly Returns

The investment gains or losses recorded by a fund or portfolio over a three-month period.

Standard Deviation

A statistical measure of the dispersion or variability of a set of data points, often used in finance to quantify the risk associated with a specific investment.

Risk-free Rate

The rate of return of an investment with no risk of financial loss, typically represented by the yield on government bonds.

Complete Portfolio

A diversified investment portfolio that contains a mix of assets in varying proportions, tailored to an investor's financial goals, risk tolerance, and investment horizon.