A(n) ____ Is a Single Item of Information About a Person

question 6

Multiple Choice

A(n) ____ is a single item of information about a person, place, or thing.

• A) file
• B) entity
• C) record
• D) field

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Definitions:

Trial Balance

A bookkeeping report that lists the balances of all ledgers accounts in two columns, debit and credit, ensuring that the total debits equal total credits.

Ledger

A compilation or record of financial transactions kept in a book or collection of accounts.

Financial Statements

Formal records of the financial activities and position of a business, individual, or other entity, including the balance sheet, income statement, and cash flow statement.

Chart of Accounts

A systematic listing of all accounts used in the accounting system of a company, categorizing all financial transactions.