Examlex

Solved

When an Application Is Open but Not Being Used to Complete

question 97

Multiple Choice

When an application is open but not being used to complete tasks, it is said to be running in ____.


Definitions:

Adjusting Entry

Journal entries made in accounting records at the end of an accounting period to allocate income and expenditure to the correct periods.

Asset Account

A financial account that represents the resources owned by a company, which have future economic value.

Liability Account

An accounting record that represents debts or obligations a company owes to others.

Cash Basis

An accounting method where revenues are recognized when received and expenses when paid, contrasting with accrual basis accounting.

Related Questions