Changes in Hardware, Software, Documentation, or Production to a Production

question 70

Multiple Choice

Changes in hardware, software, documentation, or production to a production system to correct errors, meet new requirements, or improve processing efficiencies are termed:

• A) compliance.
• B) production.
• C) maintenance.
• D) acceptance.
• E) conversion.

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Definitions:

Adjusting Entries

Journal entries made at the end of an accounting period to update income and expense accounts and ensure adherence to the accrual basis of accounting.

Adjusted Trial Balance

A record comprising all the accounts with their respective balances, revised after adjusting entries, employed in the preparation of financial documents.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, culminating in a net profit or loss.

Owner's Equity Statement

A financial document detailing the changes in the equity of an owner in a company over a specific period.