Which of the Following Represents the Types of Data Commonly

question 76

Multiple Choice

Which of the following represents the types of data commonly found in the operations management department?

• A) Monetary data
• B) Payroll data
• C) Production data
• D) Employee data

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Definitions:

Journal Entry

A record in accounting that documents a business transaction, showing the accounts impacted and the amounts debited and credited.

Debit Account

A bookkeeping record that raises the value of an asset or expense, or lowers the value of a liability or equity.

Credit Account

A Credit Account is a type of financial account that records the amounts that are owed by a business to its suppliers or creditors, which are typically settled at a later date.

General Ledger

A complete record of all financial transactions made over the life of a company.