_______________ Is Defined as a Set of Tools and Techniques

question 21

Multiple Choice

_______________ is defined as a set of tools and techniques used for describing,organizing,and interpreting information.

• A)Graphing
• B)Calculating
• C)Measuring
• D)Statistics

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Definitions:

Financial Statements

Financial statements are formal records of the financial activities and position of a business, person, or entity, providing key information on its financial health.

Post. Ref. Column

Short for Posting Reference Column, it's used in journal entries to indicate where data is transferred in the ledger.

General Journal

A primary accounting record where financial transactions are initially recorded in chronological order.

Ledger

A comprehensive collection of a company's accounts, including assets, liabilities, equity, revenue, and expenses, used for tracking financial transactions.