The Study of an Individual Item or Account Over Several

question 29

Multiple Choice

The study of an individual item or account over several accounting periods,such as months,quarters or years is known as:

• A)Percentage analysis
• B)Ratio analysis
• C)Vertical analysis
• D)Horizontal analysis

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Definitions:

Journal Entry

A recording of a financial transaction in an accounting system.

Debits Checking

The act of verifying or recording amounts debited from a checking account.

Customer Transaction

Any financial transaction or activity involving the sale of goods or services to customers.

Receive Payments

The process of recording the receipt of money from customers in payment for goods or services provided.