The COUNTIF Function Has Two Arguments ________

question 12

Multiple Choice

The COUNTIF function has two arguments ________.

• A)the range of cells to check and the criteria
• B)the range of cells to check and the sum of the range
• C)a value as the criteria and an average of a range of cells
• D)the range of cells to sum and the criteria

---

Definitions:

Credit Balance

This occurs when the total credits in an account exceed the total debits, often indicating money owed to a customer or client.

Adjusting Entry

An amended bookkeeping entry made to rectify or allocate transactions to the appropriate accounting period or ensure that revenues and expenses are recorded in the period they occur.

Doubtful Accounts

Accounts receivable that a company believes might not be collected due to credit risk.

Allowance Method

An accounting technique used to estimate and anticipate uncollectible accounts receivable and bad debts.