The Amount of Sampling Error Is Almost Always Small

question 78

True/False

The amount of sampling error is almost always small.

---

Definitions:

Double-Entry Bookkeeping

An accounting system where every entry to an account requires a corresponding and opposite entry to a different account.

Fraud

The intentional deception made for personal gain or to damage another individual or entity.

Journalizing

The process of recording financial transactions in the accounting journal.

Journal

A basic accounting record where all the financial transactions of a business are initially recorded in chronological order before being posted to accounts in the ledger.