Which of the Following Would Be the Least Reliable Source

question 26

Multiple Choice

Which of the following would be the least reliable source of secondary data? Data compiled by_______.

• A)the Federal Government
• B)a University Bureau of Business & Economic Research
• C)a major trade association
• D)city's Chamber of Commerce
• E)All of these are equally reliable.

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Definitions:

Unearned Revenues

Income received by a company for goods or services that have yet to be delivered or performed.

Source Documents

Original records that provide evidence and details of business transactions, such as receipts and invoices.

Debit

A financial record that elevates an asset or expense account, or lessens a liability or equity account.

Double-entry Accounting

An accounting method where every financial transaction results in equal and opposite effects in at least two different accounts.