A ________ Represents Data at Rest,which May Take the Form

question 125

Short Answer

A ________ represents data at rest,which may take the form of many different physical representations.

---

Definitions:

Journal Entry

is a record in accounting that notes the details of a financial transaction, including the accounts affected, debits, and credits.

Prepaid Insurance

A current asset account that represents payments made for insurance services that will be consumed in future periods.

Posting Reference

An alphanumeric code or number used in accounting to indicate the ledger account that a journal entry has been posted to.

Journal Entry

A record of a financial transaction in an accounting system, detailing the accounts affected and the amounts debited and credited.