Information in Permastore Is More Likely to Be __________

question 47

Multiple Choice

Information in permastore is more likely to be __________.

• A) forgotten within the first 3 years
• B) experienced once
• C) remembered 20 years later
• D) distinctive

---

Definitions:

Adjustment Columns

Columns in financial statements or ledgers used to make necessary adjustments for accrual accounting, such as for accrued expenses or revenues.

Trial Balance Columns

These are the two columns in a trial balance where all the debit balances are listed on one side and all the credit balances on the other, helping to ensure that total debits equal total credits.

Formal Financial Statements

Structured reports prepared by a company, usually annually or quarterly, that present its financial performance and position.

Worksheet

A document or file used for organizing and planning finances, calculations, or data analysis, often used in accounting and Excel.