Raw Data Must Be Properly _____ for Storage, Processing and Presentation

question 29

Short Answer

Raw data must be properly _____ for storage, processing and presentation.

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Definitions:

Accounts Receivable

Money owed to a company by its customers from sales or services rendered on credit.

Income Tax Payable

A liability account on a company's balance sheet representing the taxes owed to the government but not yet paid.

Sales

The trading of products or services in return for money, which serves as the main income stream for the majority of companies.

Cost of Goods Sold

The immediate expenses incurred in the production of a company's sold goods, encompassing materials, labor, and overhead costs.