A(n) ____________________ Is a Named Collection of Data, Such as a Document

question 47

Short Answer

A(n) ____________________ is a named collection of data, such as a document that you create, a program, or a set of data used by a program.

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Definitions:

Net Loss

Net loss refers to the result when a company's total expenses exceed its total revenues during a specific period, indicating a negative profitability.

General Ledger

A complete record of all the financial transactions over the lifetime of a company, serving as the primary source of accounting data.

Investing Activities

Deals related to buying and selling long-term assets and investments that are not considered as cash equivalents.

Loss

A financial condition where expenses exceed revenues, resulting in a negative net income for a business.