Second Generation Languages Are Assembly Language That Are Difficult for People

question 43

True/False

Second generation languages are assembly language that are difficult for people to understand.

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Definitions:

Statement of Retained Earnings

A financial statement that outlines the changes in retained earnings for a specific period, reflecting net income and dividends paid to shareholders.

Balance Sheet

A report detailing a company’s assets, liabilities, and equity belonging to shareholders, captured at a particular moment.

Recording

The process of capturing all financial transactions of a company for inclusion in its accounting records.

Posting

The process of recording transactions in the ledger accounts as part of the accounting cycle.