In a Data Flow Diagram of the Vendor Payment Process,what

question 19

Multiple Choice

In a data flow diagram of the vendor payment process,what symbol would most appropriately reflect an update of the payables account?

• A)a square
• B)a circle
• C)two horizontal lines
• D)none of the above

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Definitions:

GAAP

Stands for Generally Accepted Accounting Principles, which are the standard framework of guidelines for financial accounting in a particular jurisdiction.

Straight-Line Method

A method of depreciation where an asset's cost is evenly reduced over its useful life.

Market Interest Rate

Market Interest Rate refers to the prevailing rate at which interest is paid by borrowers for loans or earned by investors in the market.

Stated Interest Rate

The annual interest rate declared on a financial instrument, such as a loan or bond, not adjusting for compounding or market conditions.