What Is the Entry Point or the First Level of the V

question 55

Multiple Choice

What is the entry point or the first level of the V model?

• A) Customer / Business Needs
• B) Service Release
• C) Service Requirements
• D) Service Solution

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Definitions:

Posting

The process of transferring entries from the journal to the respective accounts in the ledger.

Journal Entries

Records in accounting that document every transaction affecting a company's financial position, detailing debits and credits to accounts.

Ledger Accounts

Individual records for each account in a company's financial statements, tracking all transactions affecting that account.

Chart of Accounts

An organized list of all the accounts in a company's general ledger which are used to categorize transactions.