It Is Reasonable to Expect That the Hardware,software,and Network Will

question 6

Multiple Choice

It is reasonable to expect that the hardware,software,and network will likely need to be replaced within how many years as advance are made in technology,the organization's goals and needs change,and the health care environment changes?

• A)5 - 7 years
• B)3 - 10 years
• C)10 - 15 years
• D)12 - 20 years

---

Definitions:

Journalizing

The process of recording a transaction in the journal.

Adjustments and Closing Entries

The journal entries made at the end of an accounting period to allocate income and expenditures to the appropriate periods.

Ledger

A book or database in which financial transactions are recorded, organized by account.

Closing Entries

Journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts, thereby resetting the temporary accounts for the next period.