A List of Data Elements Collected for a Particular Purpose

question 39

Multiple Choice

A list of data elements collected for a particular purpose is:

• A) a data set.
• B) data information.
• C) data fields.
• D) a data list
• E) None of the above

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Definitions:

Subsidiary Accounts

Detailed records that support and summarize information in a controlling account, often used for individual items or customers.

Cash Refund

An amount paid by the seller to the buyer for merchandise that is defective, is damaged during shipment, or does not meet the buyer’s expectations.

Cash Payments Journal

The special journal in which all cash payments are recorded.

Account Receivable

Money owed to a company by its debtors for goods or services that have been delivered or sold but not yet paid for.