Month-End Posting to Controlling Accounts in a Computerized Accounting System

question 25

Multiple Choice

Month-end posting to controlling accounts in a computerized accounting system is not required because

• A) controlling accounts are not used in computerized systems.
• B) transactions are posted to accounts immediately.
• C) the input operator can choose to post to accounts at any time.
• D) computerized accounting posts entry at the end of the financial year.

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Definitions:

Slope

In the context of linear regression, the magnitude of change in the dependent variable for each unit change in the independent variable.

Residual

The difference between an observed value and the estimated value provided by a model.

Actual Value Of Y

The observed or measured outcome in a statistical analysis or experiment, representing a specific data point on the Y-axis.

Estimated Value Of Y

A predicted value of the dependent variable in a regression analysis based on specific values of the independent variables.