You Can Type and Format Notes in the ____ Pane

question 19

Multiple Choice

You can type and format notes in the ____ pane.

• A) Format
• B) Notes
• C) Type
• D) Extra

---

Definitions:

Fiscal Year

A twelve-month period used for accounting purposes and preparing financial statements, which may not align with the calendar year.

Accounting Period

An accounting period is a specific duration of time used to measure and report financial activity, such as monthly, quarterly, or annually.

Recording Revenues

The process of documenting income received by a business from its various activities, such as sales or services, in its financial records.

Current-Period Income

Current-period income refers to the net income earned by a company during the current accounting period, indicating its profitability.