When You Create a Linked Object Using the Object Dialog

question 17

Multiple Choice

When you create a linked object using the Object dialog box, you must click the ____ check box.

• A) Link to file
• B) Link object
• C) Create link
• D) Create linked object

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Definitions:

General Ledger

A record of all financial transactions divided into accounts and usually compiled at the end of each month.

Balance Sheet

A financial statement that shows a firm’s assets, liabilities, and owner’s equity.

Income Statement

A financial statement that shows the revenue and expenses of a firm, allowing you to calculate the profit or loss produced in a specific period of time.

GAAP

Generally Accepted Accounting Principles; a common set of accounting principles, standards, and procedures that companies must follow when they compile their financial statements.