A Filing System in Which an Intermediary Source of Reference

question 26

Short Answer

A filing system in which an intermediary source of reference, such as a card file, must be consulted to locates specific files, is called a(n) __________ system.

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Definitions:

Current Liabilities

Short-term financial obligations that are due within one year or within the normal operating cycle of the business.

Common-size Comparative Statements

Financial reports that display line items as percentages of a common base figure to facilitate year-over-year or company-to-company comparisons.

Comparative Financial Statements

Financial statements that provide information for multiple periods or dates, allowing for analysis of trends and performance over time.

Base Amount

Base Amount is a reference value or benchmark number from which adjustments or comparisons are made, often used in financial calculations.