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When You Use a Formatting Utility on a Disk, It

question 174

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When you use a formatting utility on a disk, it ____ any data that happens to be on the disk.


Definitions:

Deposits In Transit

Funds that have been recorded by a company but not yet by its bank, typically because the deposit was made after the bank's cutoff time.

Balance Per Bank

The amount of money a company's records show in its bank account, often reconciled with the bank's records for accuracy.

Balance Per Books

The amount shown in a company's accounting records, as opposed to the actual cash balance or balance reported by a bank.

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