When You Have Two Different Versions of a Document and You

question 17

Multiple Choice

When you have two different versions of a document and you want to see the differences between the two, use the _______ feature.

• A) Track Changes
• B) Compare
• C) Combine
• D) Merge

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Definitions:

Accounting Cycle

The accounting cycle is a step-by-step process of recording, classifying, and summarizing financial transactions of a business to provide an accurate picture of its financial position and performance.

Adjusting Entries

Documentation in accounting made at the termination of an accounting cycle to allot income and spending to the span in which they factually occurred.

Debit Total

The sum of all debit entries made in an account or ledger over a specific period.

Credit Total

The sum of all credit transactions in an accounting period, representing the amount owed by a business to its creditors.