What File in a Computerized Accounting System Corresponds to a Paper

question 1

Multiple Choice

What file in a computerized accounting system corresponds to a paper general ledger in a paper-based system?

• A) Transaction file
• B) Master file
• C) Open file
• D) Program file

Understand the characteristics and classification of liabilities, including their normal balance and examples.

Grasp the concept of T accounts, their structure, and the principles of debit and credit sides.

Comprehend the purpose and importance of the journal in recording transactions and its role in the accounting process.

Identify and classify accounts according to their normal balances (debit or credit) and understand the concept of normal balance for different types of accounts.

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Definitions:

Pancreatic Juice

A liquid secreted by the pancreas that contains digestive enzymes and bicarbonate to aid in digestion.

Bicarbonate Ions

are negatively charged ions that act as a buffer in blood and help maintain the body's pH balance.

Splenic Flexure

The part of the large intestine where the transverse colon turns downward on the left side of the body, near the spleen.

Large Intestine

The final section of the digestive system responsible for water absorption and feces formation.