Variables and Named Constants Declared Inside a Procedure Are Said

question 13

Multiple Choice

Variables and named constants declared inside a procedure are said to have____________ .

• A) local scope
• B) procedure-level scope
• C) class-level scope
• D) None of the above

---

Definitions:

Adjusting Entry

An accounting entry made into a company's general ledger at the end of an accounting period to record any unrecognized income or expenses for the period.

Physical Inventory

The process of counting the actual goods or materials a business holds in stock as a way to verify stock levels and value.

Estimated Returns Inventory

The projection of goods that are expected to be returned by customers within a specific period, considered in inventory and financial planning.

Cost of Goods Sold

The cost of goods sold represents the direct costs attributable to the production of the goods sold by a company.