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Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946

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BuyFindarrow_forward

Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946
Textbook Problem

What is the difference between data and information? Give an example of accounting data and accounting information.

Summary Introduction

To determine: The difference between data and information and the examples of accounting data and accounting information.

Introduction: Data implies raw facts accumulated about somebody or something, which is uncovered and random. Facts, concerning a specific occasion or subject, which are distinguished by handling is called information.

Explanation

The difference between data and information and the examples of accounting data and accounting information are as follows:

  • Data are arithmetical or verbal depictions that as a rule result from a type of estimation...

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