One of the Most Important Components of Personal Computer Hardware

question 62

Multiple Choice

One of the most important components of personal computer hardware is ____, which stores instructions and data.

• A) the processor
• B) optical storage
• C) the cloud
• D) memory

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Definitions:

Post-closing Trial Balance

A financial statement prepared after closing entries are made, showing the balances of all ledger accounts at the end of an accounting period.

Permanent Accounts

Accounts that carry their ending balances over to the next accounting period and are not closed at the end of the financial year.

Closing Entries

Journal entries made at the end of an accounting period to transfer temporary accounts to permanent accounts, clearing the way for the next accounting period.