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:

December 31

December 31 is traditionally the final day of the Gregorian calendar year, and it is often the fiscal year-end for organizations operating on a calendar year basis.

Straight-Line Depreciation

A method of allocating the cost of a tangible asset over its useful life in an equal and consistent manner.

Book Value

The net value of a company's assets found on the balance sheet, calculated as total assets minus intangible assets (patents, copyrights) and liabilities.

Residual Value

The estimated amount that an asset is worth at the end of its useful life.