If Excel Has the Worksheet Open at the Same Time

question 49

True/False

If Excel has the worksheet open at the same time that Access is displaying a linked spreadsheet file's data you must close the table in Access before closing the worksheet in Excel; otherwise Access will display error values in the linked file.

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Definitions:

Balance Sheet Columns

The sections in a balance sheet showing assets, liabilities, and shareholders' equity at a specific point in time.

Net Income

The amount of money left over after all expenses, taxes, and costs have been subtracted from total revenue; also referred to as net profit.

Net Loss

The amount by which total expenses exceed total revenues in a specific period, indicating a negative financial performance.

End-of-period Spreadsheets

Financial documents prepared at the end of an accounting period, summarizing the financial status and performance of a business.