When You Create a Table in Excel, the Rows and Columns

question 790

True/False

When you create a table in Excel, the rows and columns appear with the same format.

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Definitions:

Contra Asset Account

An account offset against an asset account on the balance sheet.

Allowance for Doubtful Accounts

An accounting provision that represents a company's estimate of invoices that will not be paid by customers.

Aging of Accounts Receivable

A method of categorizing accounts receivable based on how long they have been outstanding.

Percentage of Sales Basis

A forecasting method where certain expenses or accounts are based on a predetermined percentage of sales.