Original Forms of Data, Such as Time Cards or Order

question 75

Multiple Choice

Original forms of data, such as time cards or order forms, are known as ______ documents.

• A) input
• B) information
• C) scannable
• D) source

---

Definitions:

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including the cost of the materials and labor directly involved in creating the good.

Accounts Payable Decrease

A reduction in the amount a company owes to its suppliers or vendors, indicating payments have been made.

Direct Method

A approach to cash flow statement preparation where actual cash receipts and payments are reported, instead of adjusting net income.

Operating Expenses

Costs associated with the day-to-day operations of a business, such as rent, utilities, and salaries.