A Data File Can Contain All of the Following EXCEPT

question 43

Multiple Choice

A data file can contain all of the following EXCEPT _____.

• A) words
• B) numbers
• C) programs
• D) pictures

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Definitions:

Worksheet

A document used by accountants to bring together all the data for financial statements, making adjustments and closing entries.

Mortgage Payable

A liability account on a company's balance sheet that represents funds borrowed, secured by property, to be paid back with interest.

Balance Sheet

An economic report that presents the value of a corporation’s assets, liabilities, and equity held by shareholders on a given date.

Periodic Inventory Method

An inventory accounting system where updates to the inventory accounts are made on a periodic basis, typically at the end of an accounting period.