To Move from the Second Cell in the Table in the Accompanying

question 143

Multiple Choice

To move from the second cell in the table in the accompanying figure back to the previous cell, press the ____ key(s) .

• A) TAB
• B) BACKSPACE
• C) SHIFT+TAB
• D) SHIFT+ENTER

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Definitions:

Gross Method

An accounting practice where purchases are recorded at their gross price without deducting any cash discounts at the time of purchase.

Perpetual Inventory System

An accounting technique that utilizes computerized point-of-sale systems and enterprise asset management software to immediately record inventory transactions upon sale or purchase.

Merchandise

Goods or products that are bought and sold in retail or wholesale in the business.

Sales Discounts

Reductions in the selling price offered to customers, often as an incentive to encourage prompt payment.