Beetles Ltd Recorded the Following Journal Entry on 2 March $$\begin{array} { | l | l | l | } \hline \text { Cash } & 6000 & \\\hline \text { Unearned revenue } & & 5000 \\\hline\end{array}$$

question 18

Multiple Choice

Beetles Ltd recorded the following journal entry on 2 March 2016: $$\begin{array} { | l | l | l | } \hline \text { Cash } & 6000 & \\\hline \text { Unearned revenue } & & 5000 \\\hline\end{array}$$ From the journal entry above,identify the transaction on 2 March 2016.

• A)Beetles sold goods for $6000 cash.
• B)Beetles received $6000 for services to be performed in a later period.
• C)Beetles purchased goods worth $6000 and signed a one-year bill for the same.
• D)Beetles paid $6000 for services to be received at a later date.

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Definitions:

Discrete Data

Data that can only take specific values within a given range, often representing countable items or categories.

Continuous Data

Data that can take any value within a given range or interval and can be measured with arbitrary precision.

Metrics

Quantifiable measures used to track and assess the status of a specific business process or activity.

Discrete

Discrete refers to a type of data or variable that can take on a finite number of values and is countable, such as the number of students in a class.