Which Accounting Data Standard Defines the Format for Files and Fields

question 11

Multiple Choice

Which Accounting Data Standard defines the format for files and fields as well as some master data for users and business units?

• A) Base Standard
• B) General Ledger Standards
• C) Order to Cash Subledger
• D) Procure to Pay Subledger Standard

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Definitions:

Community Cooperation

Refers to the collaborative efforts and mutual assistance within a community to achieve common goals or address shared concerns.

Individual Distinction

The aspects that make a person unique or set them apart from others, often related to personal achievements or characteristics.

External Attributions

The process of ascribing the cause of one’s own or others’ behavior to external factors or circumstances.

Self-serving Bias

A cognitive bias where individuals attribute their successes to internal factors and failures to external factors.