The Main Computer Where Data Is Stored,which Can Be Accessed

question 25

Multiple Choice

The main computer where data is stored,which can be accessed from many different computers is known as a(n) ________.

• A) accounting information system
• B) RAM
• C) server
• D) router

---

Definitions:

Income Statement

A financial statement that reports a company's financial performance over a specific accounting period, detailing revenues, expenses, and profit or loss.

Year-End Closing Process

The Year-End Closing Process involves finalizing a company's financial activities for the year, updating accounts, and preparing financial statements.

Net Income

The final earnings of a corporation once all costs, taxes, and expenses are subtracted from gross revenue.

Retained Earnings

Retained Earnings are the portion of a company's profits that are not distributed as dividends to shareholders but are instead reinvested in the business.