To See That Your Working Copy Contains All the Files

question 7

Multiple Choice

To see that your working copy contains all the files from the data folder -

• A) open the sample company
• B) open the appropriate drive to verify data folders and files
• C) show the select company window at startup
• D) create a new company

---

Definitions:

Adjusting Entry

A journal entry made in accounting records at the end of an accounting period to allocate income and expenditure to the appropriate period.

Unearned Revenue

Income received by a company for goods or services that have yet to be provided to the purchaser.

Prepaid Rent

Prepaid rent refers to rent payments made in advance for a specified period, which is recorded as an asset on the balance sheet until it is consumed or the rental period passes.

Rent Expense

A periodic payment made by a tenant to occupy property or use equipment, recorded as an expense on the income statement.