What Name Is Given to a Value That Has Been

question 3

Multiple Choice

What name is given to a value that has been standardized?

• A) Mean
• B) Z-score
• C) Standard Deviation
• D) Variance

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Definitions:

Journal Entry

A record in accounting that notes the details of a financial transaction.

Posting Reference

An alphanumeric code or number used to identify the original journal entry in the ledger, facilitating the tracking of transactions and their origins in accounting records.

Posting Process

The procedure of transferring journal entry details into the ledger to update account balances.

Journal

An accounting record where all transactions are initially recorded in chronological order before being posted to ledger accounts.