Jamal Inserted a Comment in a Worksheet, but the Comment

question 210

True/False

Jamal inserted a comment in a worksheet, but the comment displays "User" instead of "Jamal." He needs to change the entry in the User name box of the Excel General dialog box.

---

Definitions:

Historical Cost Principle

An accounting principle that states assets should be recorded and reported at their original purchase price, not their current market value.

Economic Entity Assumption

The economic entity assumption is an accounting principle that treats a company as a separate entity from its owners for reporting purposes.

Comparability

A qualitative characteristic of financial information that allows stakeholders to identify similarities and differences between two or more sets of economic facts.

Faithful Representation

A fundamental qualitative characteristic in accounting, ensuring that financial information accurately reflects the economic events it purports to represent.