A Specific Category of Data Such as a Customer's Name

question 24

Multiple Choice

A specific category of data such as a customer's name, city, state, or phone number is called a(n) ____.

• A) Object
• B) Record
• C) Field
• D) Table

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Definitions:

Depreciation

The systematic allocation of the cost of a tangible asset over its useful life.

Adjusting Entry

Journal entries made in accounting records at the end of an accounting period to update accounts for accurate financial reporting.

Income Statement

A financial statement that outlines a company's revenues and expenses over a specific period, showing net profit or loss.

Balance Sheet

A financial statement summarizing a company's assets, liabilities, and owner's equity at a specific point in time.