In the Figure Above, Item 2 Refers to A(n)____

question 64

Multiple Choice

In the figure above, item 2 refers to a(n) ____.

• A)Field list
• B)One-to-many link line
• C)Query design grid
• D)Show Table window

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Definitions:

Adjusting Entry

A journal entry made in accounting records at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred.

Year 1

Refers to the first year of operation for a business or the first year of a specific reporting period.

Contra-asset

A contra-asset account is a type of asset account where its balance is a negative figure that offsets the balance of its corresponding asset account.

Liability

A financial obligation or debt owed by a company to another entity, which is expected to be settled through the transfer of assets or services.