Which of the Following Arguments of the DateSerial Function Is

question 6

Multiple Choice

Which of the following arguments of the DateSerial function is NOT correct?

• A)Year is a number between 1900 and 9999,inclusive,or a numeric expression.
• B)Time contains a time that represents the interval of time you want to display.
• C)Month refers to either an integer or any numeric expression.
• D)Day refers to either an integer or any numeric expression.

---

Definitions:

Accrual Basis Accounting

An accounting method where revenue and expenses are recorded when they are earned or incurred, regardless of when the cash transaction actually takes place. This method provides a more accurate picture of a company's financial condition than cash basis accounting.

Expense Recognition

The accounting principle that expenses should be recorded in the period in which they are incurred, matching them with the revenues they help to generate.

Working Papers

Documents that auditors create to support an audit process, including detailed records and summaries of audit evidence.

Operating Cycle

The average period it takes for a business to convert its inventory into cash flows from sales, reflecting the time taken to sell inventory, collect receivables, and pay bills.