Which One of the Following Statements Is True

question 20

Multiple Choice

Which one of the following statements is true?

• A) a terabyte is larger than a petabyte.
• B) a kilobyte is exactly 1000 bytes.
• C) a gigabyte is 1024 megabytes.
• D) an exabyte is 1024 zettabytes.

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Definitions:

Statement Of Owner's Equity

A financial statement showing the changes in the equity of a company or entity over a fiscal period, including investments, drawings, and the period's earnings or losses.

Income Statement Debit

This is not a typical term in accounting as income statements are structured around revenues and expenses rather than debits and credits.

Credit Columns

The sections on the right side of accounting ledgers where credit transactions are recorded.

Chart Of Accounts

A systematic listing of all account titles and numbers being used by an organization to track its financial transactions and prepare financial statements.