The Account Titles Used in Journalizing Transactions Need Not Be

question 159

True/False

The account titles used in journalizing transactions need not be identical to the account titles in the ledger.

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Definitions:

Simulation

The act of mimicking the operation of a real-world process or system over time, often via computer models.

Central Limit Theorem

A fundamental theorem in statistics stating that the distribution of sample means approaches a normal distribution as the sample size increases, regardless of the population's distribution.

Normal Distribution

A bell-shaped frequency distribution curve, where most of the occurrences take place around the central peak and probabilities for values taper off equally on both sides.

Bushels

A unit of volume that is used in the United States for measuring agricultural produce such as grains.