Clicking the ____ Box Sampletes an Entry

question 53

Multiple Choice

Clicking the ____ box sampletes an entry.

• A) Cancel
• B) Formula
• C) Enter
• D) Tab

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Definitions:

Basic Accounting Equation

The Basic Accounting Equation is the foundational principle of double-entry bookkeeping, stating that Assets = Liabilities + Equity, maintaining the balance of a company's financial statements.

Equipment

The tangible assets used in the operation of a business to perform specific tasks, excluding real estate and facilities.

Assets

Resources owned by a company that have economic value and can be used to meet debts, commitments, or legacies.

Income Statement

A financial statement that shows a company's revenues and expenses over a certain period, ultimately revealing net profit or loss.