Match the Following Terms with Their Description

question 61

Essay

Match the following terms with their description:
I. Control
II. Theme
III. Form
IV. Report
V. Record Source
A. Helpful way of displaying data from multiple records
B. A consistent set of colors and other formatting which can be applied to a report or form
C. Used to display data in a form or report
D. Main data entry object
E. Determines what data can display in a form or report

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Definitions:

Financial Statements

Papers detailing a business's financial status, comprising the income statement, balance sheet, and statement of cash flows.

Net Income

The company's resulting profit when all deductions, including expenses and taxes, are made from the total income.

Classified Balance Sheet

A financial statement that organizes assets, liabilities, and equity into subcategories for detailed understanding.

Unclassified Balance Sheet

A balance sheet that presents assets and liabilities in a lump sum, without dividing them into classifications or categories.