When You Do Not Change the Default Session Date in a Journal

question 27

Multiple Choice

When you do not change the default session date in a journal transaction -

• A)the transaction will be posted with the session date as the transaction posting date
• B)it does not matter because transactions are always posted with the session date
• C)it does not matter because the session date is always the same as the posting date
• D)you will be reminded to change the date when you try to post the transaction

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Definitions:

Mean

A statistical measure that represents the average value of a set of numbers.

Set of Data

A collection of data points or values that have been gathered to provide information for analysis.

Median

The middle value in a sorted list of numbers, which separates the higher half from the lower half of the dataset.

Mean

The calculation of the arithmetic average involves adding up all the values in a series and dividing the total by the quantity of numbers.