A _____ Is Used to Record Properly the Effects of an Event

question 78

Multiple Choice

A _____ is used to record properly the effects of an event or transaction that was improperly recorded during the accounting period.

• A)reversing entry
• B)preliminary entry
• C)closing entry
• D)correcting entry
• E)none of the above

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Definitions:

Wilcoxon Rank-sum Test

A nonparametric test used to assess whether two independent samples come from the same distribution, focusing on their median ranks.

Statistical Populations

The complete set of subjects or items that are of interest in a statistical study.

Absolute Differences

The total difference between numbers or values, disregarding the direction of difference.

Wilcoxon Signed Rank Sum Test

A non-parametric statistical test used to compare two paired groups, assessing whether their population mean ranks differ.