The Account That Is Credited for Every Transaction Entered in the Sales

question 59

Multiple Choice

The account that is credited for every transaction entered in the sales journal is:

• A)cash.
• B)accounts payable.
• C)accounts receivable.
• D)sales.

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Definitions:

Coefficient Of Determination

A measure, usually denoted as R^2, that indicates the proportion of the variance in the dependent variable predictable from the independent variable(s).

SSE

Sum of Squared Errors (SSE) is a measure used in statistics to quantify the variance or discrepancy between observed and predicted data points.

Total Sum Of Squares

A statistical measure representing the total variation in a dataset, used as a component in calculating variance or testing hypotheses.

SSE

Short for Sum of Squared Errors, a measure used in statistics to describe the total deviation of data points from their fitted values in a regression analysis.