A T Account Is

question 54

Multiple Choice

A T account is

• A) a way of illustrating the basic form of an account.
• B) a special account used to record only debits.
• C) a special account used to record only credits.
• D) the actual account form used in real accounting systems.

---

Definitions:

Standard Deviation

A statistic that measures the dispersion or variance in a set of values, indicating how spread out the numbers are from the average.

Range

The difference between the highest and lowest values in a set of data, indicating the dataset's dispersion.

Median

The middle value in a set of numbers, which separates the higher half from the lower half of the data set.

Upper Quartile

A statistical measure indicating the value below which 75% of the data in a data set falls, marking the top end of the middle 50% of data.