The First Step in the Form Wizard Is to _____

question 85

Multiple Choice

The first step in the Form Wizard is to _____.

• A) select a layout for the form
• B) select a sort order for the records
• C) select the fields to include in the form
• D) provide a name for the form

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Definitions:

Prepaid Insurance

Payments made in advance for insurance services, which is recorded as an asset on the balance sheet and expensed over the period the insurance coverage is applicable.

Adjusting Journal Entry

An entry made in accounting records at the end of an accounting period to allocate income and expenditure to the correct period.

Insurance Premium

The amount of money an individual or business pays for an insurance policy, which provides financial protection against losses.

Accrual

An accounting method where revenue and expenses are recorded when they are earned or incurred, regardless of when the cash is received or paid.