A ____ Is a Duplicate of a File, Program, or Disk

question 25

Multiple Choice

A ____ is a duplicate of a file, program, or disk that you can use in case the original is lost, damaged, or destroyed.

• A) platter
• B) track
• C) backup
• D) head crash

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Definitions:

EFT

Electronic Funds Transfer, a system that moves money between accounts electronically.

Bank Reconciliation Process

The act of matching the balances in a company's financial records for a cash account to the corresponding information on a bank statement.

Outstanding Checks

Outstanding checks are checks that have been written and recorded in the issuing company's ledger but have not yet been cashed or cleared by the bank.

Deposits In Transit

Refers to money that has been received and recorded by a business but has not yet been recognized by the bank by the end of the accounting period.