____ Is an Example of a Primary Data Source

question 176

Multiple Choice

____ is an example of a primary data source.

• A) Cost data
• B) A marketing information system
• C) Company files
• D) Observation
• E) Library

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Definitions:

Vouchers Payable

A liability account that records the obligation of the company to pay off a debt, typically for goods or services received.

Vouchers Payable

Vouchers payable is an accounting term for records that detail the amounts owed by a business to its suppliers or vendors for goods or services received.

Liability Account

An accounting record of amounts owed to creditors, representing claims against the company’s assets.

Voucher System

A control process in accounting where vouchers are used to authorize and record transactions before payments are made.