The Entire Group of Accounts Maintained by a Company Is

question 45

Multiple Choice

The entire group of accounts maintained by a company is called the

• A) chart of accounts.
• B) general journal.
• C) general ledger.
• D) trial balance.

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Definitions:

Empirical Rule

A statistical theorem stating that in the case of a normal distribution, almost entirely all the data will be situated within three standard deviations away from the average.

Population Mean

The average or central value of a set of numbers or measurements in the entire population under study.

Sample Mean

The average value of a sample set of numbers, which serves as an estimate of the population mean.

Mean

The average value of a set of numbers, calculated by dividing the sum of the numbers by the count of numbers.