You Should Use Cell References in Formulas Instead of Constant

question 5

Multiple Choice

You should use cell references in formulas instead of constant values so

• A) you can easily include letters, numbers, and spaces.
• B) it is easier to debug the errors.
• C) you can change the input values without changing the formulas.
• D) you can control the sequence in which Excel performs arithmetic operations.

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Definitions:

Petty Cash Fund

A petty cash fund is a small amount of cash on hand used for paying expenses too small to merit writing a check or using a credit card.

Reimburse

To pay back or compensate someone for expenses they have incurred, typically related to business costs or travel expenses.

Voucher System

A business's set of procedures for authorizing and recording liabilities and cash disbursements.

Invoice Approval

The process of reviewing and verifying invoices before payment, ensuring they match purchase orders and delivery receipts.