A Collection of Fields All Related to a Single Object

question 8

Multiple Choice

A collection of fields all related to a single object, activity, or individual is a(n) _____.

• A) record
• B) file
• C) attribute
• D) character

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Definitions:

Closing Entries

The entries that transfer the balances of the revenue, expense, and drawing accounts to the owner’s capital account.

Ratio of Sales

A financial metric used to analyze a company's performance, efficiency, or market position, calculated by comparing sales figures to various other components.

Assets

The resources owned by a business.

Sales

The total amount of revenue generated from selling goods or services over a specific period.