A Cell Containing a Formula That References Other Cells Is

question 84

Multiple Choice

A cell containing a formula that references other cells is said to have ____.

• A) dependents
• B) calculations
• C) precedents
• D) references

---

Definitions:

Adjusted Trial Balance

A financial statement listing all the accounts and their final balances after all adjustments have been made.

Closing Entries

At the end of an accounting cycle, transactions are recorded to shift balances from provisional accounts to lasting accounts.

Post-closing Trial Balance

A summary of all account balances after closing entries are made, used to check the balance of debits and credits.

Adjusted Trial Balance

A list of all accounts and their balances after adjusting entries are made, used in the preparation of financial statements.