The T-Account Is Very Useful for Accumulating the Effects of Transactions

question 78

True/False

The T-account is very useful for accumulating the effects of transactions on account balances and for determining individual account balances.

---

Definitions:

IQ Test

A uniform test intended to evaluate a person's intelligence and cognitive capacities.

Predictive Validity

How well a rating on an examination or metric anticipates subsequent success in a similar endeavor.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values.

Reliability

Refers to the consistency and stability of a measure or test over time.