Secondary Sources Are Useful When

question 29

Multiple Choice

Secondary sources are useful when:

• A)conflicting primary authority exists
• B)the issue is a closed-fact problem
• C)a researcher does not have access toprimary sources
• D)a researcher disagrees with the client

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Definitions:

Posting

The process of transferring the debits and credits from the journal entries to the accounts.

Journal Entries

An accounting action recorded through the logging of debits and credits across accounts, forming the basis for building financial statements and tracking financial transactions.

Debits And Credits

The two sides of accounts in double-entry bookkeeping; debits represent increases in assets or expenses and decreases in liabilities or equity, while credits do the inverse.

Slide

An error in which the entire number is moved one or more spaces to the right or the left, such as writing $542.00 as $54.20 or $5,420.00.