Adjusting Entries DFD

question 17

Multiple Choice

Adjusting Entries DFD
-What are the names of the datastores in the Adjusting Entries DFD?

• A)Employee and General Ledger
• B)Temporary and General Ledger
• C)Accountant and Trial Balance
• D)Trial Balance and Adjusted Trial Balance

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Definitions:

Entry Restrictions

Refers to barriers that limit the ability of new competitors to enter and compete in an industry or market.

Revenue Function

A financial formula used to calculate the total revenue generated by selling a particular quantity of goods or services.

Total Profits

The net income a company generates after paying all expenses, taxes, and costs, calculated by subtracting total costs from total revenues.

Entry Restrictions

Regulations or barriers that limit the ability of new competitors to enter and operate in a particular market.