The Accounting Number Format Displays ____

question 42

Multiple Choice

The Accounting Number Format displays ____.

• A) the dollar sign at the left edge of the cell
• B) commas
• C) two decimal places for the numeric value, with a column of values aligned on the decimal point
• D) all of the above

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Definitions:

Notes Payable

A written promise to pay a certain amount of money, usually bearing interest, by a specific date; it is a liability on the balance sheet.

Interest Payable

A liability account shown on a company’s balance sheet which represents the amount of interest expense that has accrued but has not been paid as of the balance sheet date.

Interest Expense

The financial cost of borrowing money that an entity sustains over time.

Notes Payable

Written promises to pay a specified amount of money, usually including interest, at a future date; classified as liabilities.