A Network That Uses a Central Computer That Sends the Entire

question 31

Multiple Choice

A network that uses a central computer that sends the entire original resource to the client is known as a

• A) client-based network.
• B) WAN.
• C) LAN.
• D) server-based network.

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Definitions:

Accounting Cycle

The sequence of steps followed in the accounting process to track and report financial transactions, from the initial transaction to the financial statements.

Financial Statements

Formal records of the financial activities and position of a business, person, or other entity, typically including a balance sheet, income statement, and cash flow statement.

Post-Closing Trial Balance

A list of all accounts and their balances after closing entries are made, serving to verify the equality of debits and credits.

Current Liabilities

Financial liabilities that need to be settled within a year or within the standard operating period of the company.