To Enter a Date for an Accounting Transaction,you Must -

question 2

Multiple Choice

To enter a date for an accounting transaction,you must -

• A)choose a date from the pop-up calendar
• B)type the date in text style
• C)enter the month,day and year as two-digit numbers separated by a space
• D)you may use any of the above to enter the date e.g.,April 8)

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Definitions:

Selling Expenses

Expenses directly related to the sale of goods or services, like marketing expenses and wages for sales personnel.

Administrative Expenses

Costs related to the general administration of a business, such as salaries of senior executives, legal and accounting services.

Product Costs

The total costs associated with making a product, including direct materials, direct labor, and manufacturing overhead.

Variable Cost

Costs that change in proportion to the level of production or business activity, such as materials and labor costs.