____ Handles the Names and Locations of Files Created in Association

question 81

Multiple Choice

____ handles the names and locations of files created in association with the database.

• A) ASM
• B) RAC
• C) OFA
• D) OMF

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Definitions:

Ledger

A principal book or computer file for recording and totaling economic transactions measured in terms of a monetary unit of account by account type.

Income Summary

An account in the ledger used to summarize revenues and expenses for a specific period before transferring the net result to capital accounts.

Worksheet

A document or tool used by accountants to draft adjustments and test balances during the end-of-period reporting process, not part of the formal financial statements.

Financially Self-Sufficient

The ability to support oneself without external assistance, based on personal income or savings.