The following accounts appear on either the Income Statement (IS) or Balance Sheet (BS). In the space to the left of each account, write the letters, IS or BS to identify the statement on which the account appears.
Definitions:
Auditor Software
Auditor software is a type of computer program designed to help auditors inspect accounts and financial statements to ensure accuracy and compliance.
Rudimentary Services
Basic services that are foundational or elementary in the provision of more complex services or functions.
Cold Site
A backup site for IT operations that is equipped with infrastructure but does not have active systems or data, ready to be used in case of a disaster.
Application
A rephrased definition: Programs or software designed to fulfill particular purposes for the user.
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