What Is a Predesigned, Preformatted File That Contains Text Formats

question 32

Multiple Choice

What is a predesigned, preformatted file that contains text formats, themes, placeholder text, graphics and other information that you can replace with your own information?

• A) Template
• B) Master file
• C) Theme
• D) Sample

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Definitions:

General Ledger Control Account

A General Ledger Control Account is a summary account that consolidates the total balances of all accounts in a subsidiary ledger, used to maintain integrity in financial reporting.

Subsidiary Ledger

A detailed ledger that contains the individual accounts with a common characteristic, supporting entries recorded in a general ledger.

Accounting Period

The span of time at the end of which a company's financial statements are prepared, typically a quarter or year.

Cost Effectiveness

A measure of the economic efficiency in terms of the cost incurred for a given outcome or result.