A True-False Test Had the Following Answer Sequence

question 96

Essay

A true-false test had the following answer sequence.
T T T T F T F T F T F T T F T
T T F F F F F F F T F T F T F
Test the null hypothesis that the sequence was random.

---

Definitions:

Bank Reconciliation

The process of comparing and matching the balances of an entity's accounting records with corresponding bank statements to ensure accuracy.

Journal Entry

A record in the accounting ledger that notes every financial transaction of a business, including the accounts affected and the date of the transaction.

Petty Cash Fund

A small amount of cash on hand used for covering minor expenses, typically managed by a designated petty cash custodian.

Office Supplies

Consumable items and minor equipment used in an office setting, such as paper, pens, and staplers.