After a Chart Is Selected, Excel Displays Only the FORMAT

question 19

True/False

After a chart is selected, Excel displays only the FORMAT contextual tab.

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Definitions:

Income or Loss

Income or loss refers to the financial result of a company’s operations over a specific period, indicating profitability or deficit.

Adjusted Balances

Balances that have been modified to reflect corrections or adjustments to initial reported amounts, often in the context of bank accounts or financial statements.

Closing Accounts

The process of zeroing out income and expense accounts to transfer their balances to permanent accounts at the end of an accounting period.

Ledger

A book or collection of financial accounts where all transactions are summarized and recorded using a double-entry bookkeeping system.