Examlex
After taking a speed-reading course, students are supposed to be able to read faster than they could before taking the course. A pilot sample of n = 25 students showed a mean increase of 300 words per minute with a standard deviation equal to 60 words per minute. To estimate the population mean with 95 percent confidence and a margin of error of ±10 minutes, the required sample size is approximately 139 students.
Posted Twice
Accidentally recording a financial transaction or entry in the accounting records more than once, which can lead to discrepancies and require correction.
Trial Balance
A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit columns to verify that the total debits equal total credits.
Compound Journal Entry
A compound journal entry is an accounting entry which involves more than two accounts, recording multiple debits and/or credits in a single transaction.
Affects
Influences or changes caused by one factor on another within a business or system.
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