The First Phase of Testing Generally Carried Out by the Software

question 98

Multiple Choice

The first phase of testing generally carried out by the software publisher's in-house test team is called ____.

• A) white box testing
• B) black box testing
• C) alpha testing
• D) beta testing

Differentiate between cash basis and accrual basis accounting methods.

Recognize the differences between voiding and deleting transactions in QuickBooks for correcting errors.

Understand the adjustments for specific items like office supplies and their impact on financial statements.

Distinguish between depreciation methods on tax returns vs. financial statements.

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Definitions:

Prime Costs

The combined costs of direct material and direct labor required to produce a good.

Conversion Costs

Costs incurred to convert raw materials into finished goods, including direct labor and manufacturing overhead.

Prime Costs

The combination of direct materials and direct labor costs that are directly attributable to the production of goods.

Nonmanufacturing Cost

Expenses not directly involved in the production of goods, such as selling, administration, and other overhead costs.