A Business's Record of the Increases and Decreases in a Specific

question 187

Multiple Choice

A business's record of the increases and decreases in a specific asset, liability, equity, revenue, or expense is known as a(n) :

• A) Posting.
• B) Trial balance.
• C) Chart of accounts.
• D) Journal.
• E) Account.

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Definitions:

Regression Model

A statistical technique that models and analyzes the relationship between a dependent variable and one or more independent variables.

Categorical Variables

Variables that represent types or categories, grouping observations into distinct sets based on a characteristic such as gender or ethnicity.

Categorical Variable

A type of variable that can take on one of a limited, and usually fixed, number of possible values, assigning each individual or other unit of observation into a particular group or nominal category.

Indicator Variables

Variables used in statistical models to represent categorical data with two possible values, typically 0 or 1, indicating absence or presence of a characteristic.