Critical Thinking Questions Case 2 Your Friend Is New to Using

question 13

Multiple Choice

Critical Thinking Questions Case 2 Your friend is new to using tables and he is having a lot of difficulty manipulating them. You offer to help him with some tips for selecting items in the table, for starters. If you click at the left edge of a cell, what are you selecting?

• A)the table
• B)the cell
• C)the row in which the cell appears
• D)the column in which the cell appears

---

Definitions:

Gross Method

An accounting approach for recording purchases at the gross invoice amount before any trade discounts are taken.

Merchandising Transactions

Business activities related to the buying and selling of merchandise, which may involve inventory purchases, sales transactions, and the return of goods.

Journal Entries

Journal entries are the records of financial transactions in the accounting books, marking the initial step in the accounting cycle, detailing debits and credits.

Adjusted Trial Balance

An adjusted trial balance is a listing of all company accounts that will appear on the financial statements after year-end adjusting journal entries have been made.