ACCA Applied Knowledge · Management Accounting · Accounting for management
A retail company's till system records every individual sale, showing the item code, time and price. Which description best fits these recorded sales entries before any processing?
The recorded sales entries are data, because they are raw, unprocessed facts such as item codes, times and prices. They only become information once they are processed and organised into a meaningful form, such as sales totals by product.
- ADataCorrect
- BInformation
- CKnowledge
- DIntelligence report
Explanation
Raw facts and figures that have not been processed or given context are data. The till records are unprocessed transactions. They become information only once they are processed, for example into daily sales totals by product.
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