The Order of the Flow of Accounting Data Is (1)

question 156

True/False

The order of the flow of accounting data is (1) record in the ledger, (2) record in the journal, (3) prepare the financial statements.

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Definitions:

Tolerance Limit

The maximum and minimum allowable limits within which a product or service's characteristics must fall to be considered acceptable.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much they deviate from the average.

Tolerance Limit

Refers to the maximum and minimum allowable limits within which a process or product's parameters must fall to be considered acceptable.

Standard Deviation

Standard deviation is a statistical measure quantifying the amount of variation or dispersion from the average in a set of data.