Which of the Following Conveys Meaning and Is Useful to Users

question 26

Multiple Choice

Which of the following conveys meaning and is useful to users?

• A) data
• B) information
• C) input
• D) output

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Definitions:

Direct Materials

Materials directly related and identifiable in the production of a particular item.

Finished Goods

Products that are finished being made but haven't been purchased by consumers yet.

Principal Accounting Record

The primary document or ledger that records a company's financial transactions and balances, often referred to as the General Ledger.

Job Cost Sheet

A financial record used in cost accounting to track the expenses associated with a specific job or project, aiding in budgeting and profitability analysis.