The Term ________ Means the Ability to Take Many Forms

question 3

Multiple Choice

The term ________ means the ability to take many forms.

• A) inheritance
• B) polymorphism
• C) member function
• D) encapsulation
• E) None of the above

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Definitions:

Financial Statement Order

The sequence in which the key financial documents are prepared, typically including the income statement, balance sheet, statement of cash flows, and statement of retained earnings.

Debits And Credits

Fundamental accounting concepts that are used in double-entry bookkeeping, where debits must equal credits in every transaction.

Journal Entries

Accounting records that document all financial transactions in the order they occur, ensuring accurate tracking of business operations.

Posting

The process of recording financial transactions in the ledger of an accounting system.