The Primary Source Used in the Preparation of the Financial

question 194

Multiple Choice

The primary source used in the preparation of the financial statements is the:

• A)trial balance.
• B)post-closing trial balance.
• C)general trial balance.
• D)adjusted trial balance.

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Definitions:

Secondary Storage

Technology that can store very large amounts of data for extended periods.

Data

Information collected, stored, and used for analysis or processing; can be quantitative or qualitative.

Program Instructions

Detailed steps and rules that tell a computer or system how to perform specific tasks or operations.

Primary Storage

The main storage area in a computing device, such as RAM, which is directly accessible by the CPU and stores data and applications currently in use.