Secondary Data Is Information Which Is Already Published or Collected

question 10

True/False

Secondary data is information which is already published or collected.

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Definitions:

General Ledger

A comprehensive set of accounts that provides a complete record of all the financial transactions of a business.

Sales Tax

A consumption tax imposed by the government on sales of goods and services, collected by retailers at the point of sale and passed on to the government.

Cash Register

An electronic or mechanical device for registering and calculating transactions at a point of sale, often equipped with a cash drawer.

Cashier's Accuracy

The measure of a cashier's performance in handling transactions correctly, minimizing discrepancies between the recorded amount and the actual amount of cash received.