The Percentage Distribution Cannot Be Constructed from the Frequency Distribution

question 138

True/False

The percentage distribution cannot be constructed from the frequency distribution directly.

---

Definitions:

Transactions

The financial events that affect the assets, liabilities, and equity of an entity, involving transfers or exchanges between two parties.

Cash Flows

The net amount of cash being transferred into and out of a business.

General Journal

The primary accounting record used for recording all day-to-day financial transactions of a company.

General Ledger

The master set of accounts that summarize all transactions occurring within an entity, serving as the main source for financial reporting.