--------------Data Are Values Based on Observations That Can Be Counted

question 66

Multiple Choice

--------------data are values based on observations that can be counted and are typically represented by whole numbers.

• A)Continuous
• B)Nominal
• C)Discrete
• D)Time series

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Definitions:

Special Journals

Customized accounting journals used to categorize and record specific types of financial transactions efficiently.

Crossfooting

A method used in accounting to check the arithmetic accuracy of figures by adding columns of numbers both vertically and horizontally and comparing the totals.

Equality

In accounting, the concept that the sum of debits must equal the sum of credits in a transaction.

Subsidiary Ledger

A detailed ledger that contains all the transaction details of a specific account, which is summarized in the general ledger.