Information is the:
A)Interpretation of data that have been processed.
B)Set of facts collected from transactions.
C)Set of facts pertaining to accounts payable.
D)Set of facts pertaining to accounts receivable.

Question

Quizplus · Accepted Answer

Information is the interpretation of data that have been processed. Information requires data to be collected, processed, and analyzed in order to be useful. Accounts payable and accounts receivable are subsets of financial data, while a set of facts collected from transactions is too broad and may not necessarily be interpreted or processed yet.

Information Is The