Jun Is Getting Ready to Open a Store in Her

question 2

Multiple Choice

Jun is getting ready to open a store in her home town to sell unique lamp bases and shades. She has a desktop computer that she uses to do all of her business processing. Her store lost power while she was working on her taxes with the tax program that she bought. Which of the following is true?

• A)Jun lost the tax program.
• B)All of the data in the CPU was saved.
• C)She lost all the data in her read-only memory.
• D)She lost the data she was working on.
• E)She didn't lose anything on the computer.

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Definitions:

Revenue Accounts

Accounts that track money earned from a company's operations and activities, usually from the sale of goods and services.

Credits

Accounting entries that increase liabilities or decrease assets, representing the opposite of debits.

Debit

An accounting entry that increases an asset or expense account, or decreases a liability or equity account, on a company's balance sheet.

Credit

A bookkeeping record that raises either liabilities or equity or lowers an asset or expense.