Which of the Following Is an Example of Source Data

question 84

Multiple Choice

Which of the following is an example of source data automation?

• A)a utility bill
• B)POS (point-of-sale)scanners in retail stores
• C)a bill of lading
• D)a subsidiary ledger

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Definitions:

Matures

Refers to the point in time when a financial instrument, like a bond or loan, reaches its due date and the principal amount must be repaid.

Compounded Monthly

Compounded monthly refers to the process of calculating interest where the interest earned each month is added to the principal, and the next month's interest is calculated on the new total.

College Tuition

The fee that students pay to cover the cost of instruction at a college or university.

Account

A record summarizing the financial transactions related to a particular aspect of a business's financial activities.