The ____ Property Specifies Whether You Must Enter a Field

question 15

Multiple Choice

The ____ property specifies whether you must enter a field value in a record.

• A) Needed
• B) Necessary
• C) Mandatory
• D) Required

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Definitions:

Asset Accounts

Accounts that represent the different types of economic resources owned or controlled by a business, such as cash, inventory, and equipment.

General Ledger

A complete record of all financial transactions over the life of a company, serving as the primary source of information for the financial statements.

Chart of Accounts

A systematic listing of all accounts used by an organization, typically organized by type such as assets, liabilities, equity, revenues, and expenses.

Balance Column Journal

A type of accounting record that includes columns for recording dates, details of transactions, and corresponding debit or credit balances.