Once You Have Created a Template, What Are the First

question 62

Multiple Choice

Once you have created a template, what are the first three steps you take to create a new document based on this template?

• A) Click the File tab, click More, then click PERSONAL
• B) Click the File tab, click New, then click PERSONAL
• C) Click the File tab, click Computer, then click PERSONAL
• D) Click the File tab, click Browse, then click PERSONAL

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Definitions:

Deferred Expense

A deferred expense is an expenditure that is made in advance and recorded as an asset until it is consumed or its value expires, at which point it is charged to expense.

Accrual Basis

An accounting method where transactions are recorded when they are earned or incurred, regardless of when cash is exchanged.

Matching Concept

An accounting principle that requires the expenses to be matched with the revenues they helped to generate in the same accounting period.

Cash Is Received

The acquisition of monetary funds through various means, such as sales, financing, or donations.