____________ Accepts, Processes, and Displays Data and Information

question 21

Multiple Choice

____________ accepts, processes, and displays data and information.

• A) A database
• B) A network
• C) Hardware
• D) Software

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Definitions:

Balance Sheet

A financial statement that displays a company's financial position at a specific point in time, listing assets, liabilities, and equity.

Final Entries

The journal entries recorded at the end of an accounting period to prepare accounts for the next period or for the preparation of financial statements.

Temporary Accounts

Accounts used to collect information during a specific accounting period and are closed at its end, such as revenues, expenses, and dividends accounts.

Journalizing

The process of recording a transaction in a journal.