A(n) ____ Is a Named Collection of Data That Exists

question 47

Multiple Choice

A(n) ____ is a named collection of data that exists on a storage medium.

• A) disk
• B) drive
• C) folder
• D) file

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Definitions:

Bank Reconciliation

The process of matching and comparing figures from accounting records against those presented on a bank statement to ensure they are consistent and accurate.

Outstanding Checks

Checks that have been written and recorded in a checking account's ledger but have not yet been cleared or deducted from the bank's balance.

NSF Check

A check that cannot be processed due to insufficient funds in the account on which it was drawn.

Bank Reconciliation

The process of matching the balances in an organization's accounting records for a cash account to the corresponding information on a bank statement.