A Graphical Representation in Which the Sample Space Is Represented

question 50

Multiple Choice

A graphical representation in which the sample space is represented by a rectangle and events are represented as circles is called a

• A) Pie chart.
• B) Venn diagram.
• C) Pareto chart.
• D) Box plot.

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Definitions:

Post-Closing Trial Balance

A list of all active general ledger accounts and their balances after closing entries have been posted, used to check the accuracy of closing procedures.

Closing Entries

Journal entries made at the end of an accounting period to transfer temporary accounts' balances to permanent accounts, preparing the books for the next period.

Journalized

The process of recording business transactions in the journal, which is the first step in the accounting cycle.

Posted

In accounting, "posted" refers to the process of recording a financial transaction in a company's ledger, which then becomes part of the official financial records.