If You Want to Summarize Data from Multiple Places and Want

question 18

Multiple Choice

If you want to summarize data from multiple places and want to use formulas with cell references or 3-D references to the other worksheets that you are combining because you do not have a consistent position or category of data to use,you would use the ________ option.

• A)consolidate by formula
• B)consolidate by position
• C)consolidate by category
• D)PivotTable report

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Definitions:

Recording Process

The recording process in accounting involves chronologically documenting the financial transactions of a business to ensure accurate financial reporting.

Credit Balances

The amount of money a company owes to its creditors, often shown as liabilities on the balance sheet.

Debit Balances

Refers to the amounts owed by a company or individual that are recorded on the left side of the balance sheet, indicating expenses or assets.

Recording Process

The systematic method of capturing and documenting financial transactions in the accounting records of an organization.