Which of the Following Accounting Functions Has Been Accurately Described

question 37

Multiple Choice

Which of the following accounting functions has been accurately described?

• A) Investments records help produce accurate billing of customers,and thus help to maintain good customer relations.
• B) Payroll records track if your business keeps surplus cash invested in securities.
• C) Accounts payable records help to make timely payments in order to capture prompt pay discounts and to maintain a good credit rating for the business.
• D) Credit card sales function enables that payroll and employment taxes are kept current.

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Definitions:

Given Population

This term pertains to a specific group of individuals, items, or data points that are the focus of a statistical analysis.

Inferential Statistics

The branch of statistics focused on making predictions or inferences about a population based on a sample of data drawn from that population.

Standard Error

A measure that describes the dispersion or variance of sampling distribution of a statistic, most commonly the mean, indicating the precision of an estimate.

Sample Size

The number of observations or entities included in a statistical sample, impacting the study's precision and results.