Conditional Formatting Is When Excel Changes the Way Information Is

question 71

True/False

Conditional formatting is when Excel changes the way information is displayed based on rules specific to the problem in the worksheet.

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Definitions:

Allowance for Doubtful Accounts

A contra-asset account that reduces the total receivables on the balance sheet to reflect only amounts expected to be collected.

Aging of Accounts Receivable

A method to categorize and manage accounts receivable based on how long an invoice has been outstanding, helping businesses identify delays in payments.

Maturity Value

The amount payable to an investor at the end of a fixed-term investment, including the principal and any interest accrued.

Notes Receivable

Claims against debtors documented by promissory notes, which promise the future inflow of cash.