Every Transaction

question 22

Multiple Choice

Every transaction:

• A) must increase at least one account and decrease at least one account.
• B) must debit at least one account and credit at least one account.
• C) is recorded in either the journal or the ledger.
• D) affects both an income statement account and a balance sheet account.

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Definitions:

Ensures Delivery

Refers to mechanisms or protocols that guarantee the arrival of data packets from sender to receiver in computing and networking.

TCP

Transmission Control Protocol, a core protocol of the Internet Protocol Suite, ensures reliable, ordered delivery of a stream of bytes from a program on one computer to another.

HomeGroup

A Windows 7 and higher feature to make home networking easier to configure and join. HomeGroups were removed from Windows 10 (Version 1803) and later versions.

WLAN

Wireless Local Area Network, a networking technology that allows devices to connect and communicate wirelessly within a limited area such as a home, school, computer laboratory, or office building.