In Which Type of Bookkeeping System Is Every Transaction Posted

question 50

Multiple Choice

In which type of bookkeeping system is every transaction posted into two different records, once as a credit and one as a debit?

• A) Pegboard bookkeeping system
• B) Single-entry bookkeeping system
• C) Double-entry bookkeeping system
• D) Medical office computer billing bookkeeping system

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Definitions:

Millimetres

A metric unit of length equal to one thousandth of a meter.

IQR

The Interquartile Range, which represents the spread of a dataset, is calculated by subtracting the 25th percentile from the 75th percentile.

Range

The difference between the highest and lowest values in a set of numbers; a measure of dispersion or variability.

Median

The middle value in a sorted list of numbers, effectively dividing the dataset into two halves.