The Two Basic Approaches to Validation Are

question 162

Multiple Choice

The two basic approaches to validation are

• A) internal and external.
• B) integrated and differentiated.
• C) controlled and direct.
• D) centralized and decentralized.
• E) predictive and content.

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Definitions:

Debit

An entry recorded on the left side of an account in bookkeeping, indicating an increase in assets or expenses or a decrease in liabilities, equity, or income.

T Account

A T Account is a visual representation used in accounting to depict the debit and credit transactions affecting a particular account.

Credit Side

The credit side of an account in double-entry bookkeeping is where decreases in assets or expenses or increases in liabilities, equity, and income are recorded.

Debit Side

The left side of an account or transaction, used to record increases in assets, expenses, and dividend accounts, and decreases in liability, equity, and revenue accounts.