A ____ Is a Workbook That You Can Open with the Text,formats,and

question 32

Multiple Choice

A ____ is a workbook that you can open with the text,formats,and formulas already built into it.

• A)boiler
• B)summary sheet
• C)template
• D)range master

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Definitions:

Adjusting Entry

An adjusting entry is a journal entry made in the accounting records at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred.

Salaries and Wages Expense

The total amount recorded by a company for the cost of salaries and wages paid to employees.

Fiscal Period

A specific time period for which an organization plans its budgets and reports financial performance, often a year or quarter.

Unearned Service Revenue

Unearned service revenue is money received by a company for services it has yet to perform, considered a liability until the service is delivered.