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If the Data Have Been Collected Via ________,Transcribing Data Is

question 50

Multiple Choice

If the data have been collected via ________,transcribing data is unnecessary because the data are entered directly into the computer.


Definitions:

Financial Statement

Reports that provide information about a company's financial condition, performance, and cash flows, including the balance sheet, income statement, and statement of cash flows.

Account

An account in accounting is a record within the general ledger that is used to collect and store debit and credit amounts.

Chart of Accounts

A structured list of all the financial and accounting accounts used by an organization to categorize and record financial transactions.

Transaction

An agreement or exchange between two parties that involves the transfer of goods, services, or funds.

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