In the Accompanying Figure, ____ Are Used to Display Data

question 82

Multiple Choice

In the accompanying figure, ____ are used to display data that comes for the database, such as the customer number and name.

• A) Bound controls
• B) Unbound controls
• C) Calculated controls
• D) Aggregate controls

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Definitions:

Posting Reference Columns

Columns in a journal entry that help in transferring information to, and tracking from, the corresponding ledger accounts for audit trail purposes.

Ledger

A comprehensive collection of a company’s final financial accounts, including assets, liabilities, equity, revenue, and expenses.

Journal

A detailed record where all financial transactions of a business are initially recorded, listed in chronological order.

Chart of Accounts

A systematic list of accounts that a company uses for the organization of its financial transactions and to prepare financial statements.