Rows in a Datasheet May Be Different Sizes

question 97

True/False

Rows in a datasheet may be different sizes.

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Definitions:

Prepaid Expense Adjusting Entries

Journal entries made at the end of an accounting period to account for expenses paid in advance but which relate to future accounting periods.

Supplies Expense

An account that represents the cost of supplies used during an accounting period, which are not held for resale.

Adjusting Journal Entry

An adjusting journal entry is made in the accounting records at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.

Long-Lived Assets

Long-lived assets are tangible or intangible assets that a company holds for use over several years, such as buildings, machinery, or patents.