Which Data Types Are Typically Found in the Accounting Department

question 237

Multiple Choice

Which data types are typically found in the accounting department?

• A)promotion data, sales data, advertising data
• B)employee data, promotion data, vacation data
• C)investment data, monetary data, reporting data
• D)transactional data, purchasing data, payroll data, tax data

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Definitions:

Interest

The cost of borrowing money or the payment received for lending money, usually expressed as a percentage over a period of time.

Check Register

A record maintained by account holders to track checks written, deposits made, and the current balance of a checking account.

Cash Balance

The amount of cash that a company or an individual has on hand at any given time.

Deposits

Funds placed into an account at a financial institution for safekeeping.