Using Virtualization Methods,enterprises Can Respond to Change More Quickly and Make

question 119

True/False

Using virtualization methods,enterprises can respond to change more quickly and make better decisions in real time without physically moving their data,which significantly cuts costs.

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Definitions:

Reversing Entries

Entries executed at the onset of an accounting cycle to annul or reverse the adjusting records that were established at the end of the last period.

Journal Entries

Recordings in accounting journals of the financial transactions made by a business, showing debits and credits for each transaction.

Salary Payroll

The total amount paid by an employer to its employees as salaries over a specified period.

Classified Balance Sheet

A balance sheet that groups assets, liabilities, and equity into subcategories for clearer understanding.