Unless You Specify Otherwise, a Cell Reference Is A(n) ____

question 143

Multiple Choice

Unless you specify otherwise, a cell reference is a(n) ____ reference.

• A) absolute
• B) relative
• C) worksheet
• D) active

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Definitions:

Recording Process

The systematic documentation of a company's financial transactions in the appropriate accounts of its accounting system.

Debit Entries

Bookkeeping entries that increase assets or expenses, or decrease liabilities, equity, or income.

Credit Entries

Bookkeeping entries that increase the balance of liability, revenue, or equity accounts, or decrease the balance of an asset or expense account.

Both Debit And Credit Entries

Accounting entries involve both debit and credit transactions to maintain the balance in accounts, reflecting increases or decreases in assets, liabilities, and equity.