RAM Is Often Referred to as ____ Memory

question 35

Multiple Choice

RAM is often referred to as ____ memory.

• A) permanent
• B) semipermanent
• C) volatile
• D) None of the above.

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Definitions:

Closing Entry

An accounting transaction recorded at the end of an accounting period to transfer the balances of temporary accounts to permanent ones.

Capital

Refers to financial assets or the financial value of assets, such as funds held in deposit accounts and/or funds obtained from special financing sources.

Adjusted Trial Balance

A list of all accounts and their balances after adjusting entries have been made, used in preparing financial statements.