Which Type of Report Consolidates Data Usually with Totals, Tables

question 192

Multiple Choice

Which type of report consolidates data usually with totals, tables, or graphs, so that managers can review it quickly and easily?

• A)storage
• B)summary
• C)detailed
• D)exception

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Definitions:

Disbursements

Financial payments made by a business, including cash expenditures, payments on debts, or distribution of dividends.

Beginning Balance

The amount of money in a given account at the start of a financial period.

Petty Cash Fund

A small amount of cash kept on hand for making immediate, minor expenditures.

Journal Entries

The recordation of financial transactions in a company's accounting system, typically involving a debit and credit entry.