The Most Frequently Used Tools and Selections Can Be Found

question 4

Multiple Choice

The most frequently used tools and selections can be found in the ________ tab.

• A) INSERT
• B) DATA
• C) CELLS
• D) HOME
• E) VIEW

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Definitions:

Sales Tax Payable

A liability account that accumulates the collected sales tax from customers to be remitted to the respective tax authorities.

Asset Account

An asset account is a category in the financial statements that reports the value of a company's assets, such as cash, inventory, property, and equipment.

Liability Account

A type of accounting ledger entry that represents a company's legal debts or financial obligations that arise during business operations.

Invoice Value

The total amount shown on an invoice that a customer must pay, including the cost of goods or services, taxes, and any additional fees.