^ofstream, ^ifstream, and ^fstream are

question 20

Multiple Choice

^ofstream, ^ifstream, and ^fstream are

• A)libraries.
• B)string arrays.
• C)data types.
• D)header files.
• E)None of the above

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Definitions:

Expenses

Costs incurred in the process of earning revenues, typically categorized as operating or non-operating.

Owner's Drawings

Withdrawals made by the owner of a sole proprietorship or partnership from the business for personal use.

Revenues

The total income generated from the sale of goods or services related to a company's primary operations.

Adjusting Entries

Entries recorded in journals at the conclusion of an accounting period to assign revenues and costs to the time frame in which they were genuinely incurred.