Which of the Following Is NOT a Method for Rounding

question 20

Multiple Choice

Which of the following is NOT a method for rounding numbers to a specific number of decimal places in Excel?

• A) DECIMAL command
• B) Increase/Decrease decimal command
• C) Currency Style command
• D) Format Cells command

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Definitions:

Incurred

Expenses, losses, or liabilities that have been suffered or assumed in the course of conducting business.

Matching Principle

An accounting concept that requires expenses to be recorded in the same period as the revenues that are generated as a result of those expenses.

Expenses

It refers to the outflow of cash or other valuable assets from a person or company to another entity as a result of purchasing goods or services.

Related Revenues

Income that is directly connected to the primary operations or activities of a business.