Software Used for Preparing Payrolls, Maintaining Accounts Receivable Files, or Controlling

question 54

Multiple Choice

Software used for preparing payrolls, maintaining accounts receivable files, or controlling inventory best describes:

• A)Communication software
• B)Personal productivity software
• C)Project management software
• D)Accounting software

---

Definitions:

Assets

Assets refer to resources owned by an individual or organization that have economic value and can be converted into cash or used to generate income.

Existing Balance

Refers to the amount currently in an account prior to any new charges, deposits, or withdrawals.

Office Policy

Rules and guidelines established by an organization to regulate procedures and behavior in a workplace.

Balance Due

The amount of money owed to a party that has not yet been paid.