Which of the Following Statements About Moving Averages Is Not

question 52

Multiple Choice

Which of the following statements about moving averages is not true?

• A) It can be used to smooth a series.
• B) It gives equal weight to all values in the computation.
• C) It is simpler than the method of exponential smoothing.
• D) It gives greater weight to more recent data.

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Definitions:

Bank Reconciliation

The process of comparing a company's bank account balance with its financial records to identify discrepancies and ensure accuracy.

Sign Cheques

The action of signing a check as a means of authorizing a bank to transfer funds from the signer's account.

Reconciling Items

Entries that adjust discrepancies between two financial records or accounts, ensuring consistency and accuracy.

Adjusting Journal Entries

Adjusting Journal Entries are made in an accounting system to adjust income and expense accounts so that they reflect the correct values for the accounting period.