The Purpose of This Phase Is to Construct, or Build

question 167

Multiple Choice

The purpose of this phase is to construct, or build, a new or modified system and then deliver it to the users. What is this phase?

• A) planning phase
• B) analysis phase
• C) implementation phase
• D) support phase

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Definitions:

Adjusting Journal Entries

Entries made at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.

Bank Service Charges

Fees charged by banks for handling transactions, maintaining accounts, and providing other financial services.

NSF Check

A check that cannot be processed because the account on which it is drawn lacks sufficient funds, standing for "non-sufficient funds."

Bank Reconciliation

The process of comparing and matching the balances of an entity's accounting records with corresponding bank statements to ensure accuracy.