The D in the DCOVA Framework Stands for "Data

question 21

True/False

The D in the DCOVA framework stands for "data".

---

Definitions:

Balance Column Journal

A type of accounting record that includes columns for recording dates, details of transactions, and corresponding debit or credit balances.

Trial Balance

A bookkeeping report that lists the balances of all ledgers accounts to check the mathematical accuracy of the accounting entries.

Posting

The process of transferring accounting entries from the journal to the ledger accounts.

Account

A record summarizing all transactions related to a particular item in the financial statements.