A Key Application That First Made Personal Computers More Attractive

question 48

Multiple Choice

A key application that first made personal computers more attractive to business was

• A) the spreadsheet program.
• B) the World Wide Web.
• C) desktop publishing.
• D) video editing.
• E) email.

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Definitions:

Income Summary

An account used in the closing process that summarizes revenues and expenses for a period before transferring the net income to retained earnings.

General Ledger

A complete record of all financial transactions over the life of a company, organized into debits and credits across various accounts.

Capital Account

An account showing the net changes in property ownership and transfer of payment among countries for international transactions, or in a company's context, represents the stake of owners in the firm.

Revenue Accounts

Accounts that record the income generated from the sale of goods and services, before any expenses are subtracted.