A Relative Frequency Distribution Is a Tabular Summary of a Data

question 42

True/False

A relative frequency distribution is a tabular summary of a data set showing the proportions of all observations that fall into each of several collectively exhaustive and mutually exclusive classes.

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Definitions:

Accounts Receivable

This represents money owed to a company by its customers for goods or services provided on credit.

Subsidiary Ledger

A ledger containing the details of accounts summarized in a controlling account in the general ledger.

Accounts Payable

Liabilities representing money owed by a company to suppliers or creditors for goods and services received but not yet paid for.

Accounting Information System

An Accounting Information System is a structured framework used to collect, store, manage, process, retrieve, and report financial data.