Examlex

Solved

For Your Own Account,the Shell That Is Set Up by Default

question 42

Multiple Choice

For your own account,the shell that is set up by default is established by the system administrator in the ____ file.

Understand how various types of transactions (cash receipts, cash payments, revenues, expenses) are recorded.
Identify the components and purposes of accounts found in the chart of accounts.
Distinguish between asset, liability, and equity accounts and their normal balances.
Understand the role of revenue and expense accounts in determining business profitability.

Definitions:

Objectives

Specific, measurable, achievable, relevant, and time-bound goals set by individuals or organizations to direct effort and measure performance.

Concept

A general idea or understanding that is abstract and not specific to any particular instance.

Guideline

A recommended practice or direction that provides advice on how to make decisions or perform activities.

Goal

A specific, measurable, achievable, relevant, and time-bound objective that guides actions and decisions.

Related Questions