Ensuring Consistency Among Respondents,locating Omissions,and Reducing Errors in Recording Are

question 6

Multiple Choice

Ensuring consistency among respondents,locating omissions,and reducing errors in recording are all benefits of _____.

• A) data collection
• B) data editing
• C) sampling
• D) coding
• E) data analysis

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Definitions:

U.S. GAAP

United States Generally Accepted Accounting Principles; the framework of accounting standards, rules, and procedures defined by the professional accounting industry in the United States.

Sales Revenue Approach

A method of recognizing revenue based on the sales transactions processed by a company.

Unadjusted Year End

This term refers to the financial results and statements of a company that have not gone through adjustments for various accounting entries at the end of the fiscal year.

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account column totals to ensure a company's bookkeeping system is mathematically correct.