Which of the Following Is NOT True About the Accounting

question 31

Multiple Choice

Which of the following is NOT true about the Accounting Number format?

• A) The currency symbol is aligned to the left side of the cell.
• B) Negative numbers are enclosed in parentheses.
• C) Zero values are displayed as 0 with zeroes in each decimal place.
• D) The decimal place is aligned.

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Definitions:

Ending Equity

The total value of all ownership interests in the company at the end of the accounting period, after all revenues and expenses are accounted for.

Beginning Equity

The value of an owner's interest in a company at the start of an accounting period.

Revenues

The total amount of money generated by a company from its business activities, such as sales of goods or services, before any expenses are subtracted.

Operating Activity

Transactions related to the primary activities of a business, such as purchasing inventory, selling goods or services, and paying salaries.