When You Launch the SDM Program, You See the Home

question 16

Multiple Choice

When you launch the SDM program, you see the Home tab. To see all of the parameters that can be configured, click the ____ button.

• A) Configure
• B) Options
• C) Tools
• D) Preferences

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Definitions:

Balance Sheet

A financial statement that displays a company's assets, liabilities, and equity at a specific point in time.

Permanent Accounts

Accounts that carry their ending balances from one accounting period to the next, including assets, liabilities, and equity accounts.

Adjusting Entries

Adjusting entries are journal entries made at the end of an accounting period to update the accounts and ensure that the financial statements reflect accurate and fair amounts.

Temporary Accounts

Accounts that are closed to the owner's equity account at the end of the accounting period.