A Primitive Is ____

question 49

Multiple Choice

A primitive is ____.

• A)a command used to transfer information from one layer in an OSI stack to another layer
• B)the smallest unit of data allowed in the Physical layer
• C)a command used to transfer information from an OSI layer on the sending node to the same layer on the receiving node
• D)Both A and B.

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Definitions:

Adjusting Entries

are journal entries made at the end of an accounting period to adjust income and expense accounts so that they comply with the accrual concept of accounting.

Adjusting Entries

Entries made in journal accounts to correct any discrepancies and ensure that the revenue and expense recognition principles are followed accurately.

Relevant Financial Information

Financial data that is capable of making a difference in business decisions, being timely and having predictive and confirmatory value.

Cash Basis

Cash basis is an accounting method where revenues and expenses are recorded only when cash is received or paid, regardless of when the transactions occurred.