Match the Following Terms with Their Descriptions

question 1

Multiple Choice

Match the following terms with their descriptions:
i.Mark as Final command
II.Passwords
III.change history
IV.Encryption

• A)Information that is maintained about changes made in past editing sessions.
• B)The process of restricting access to files by scrambling the contents with a program.
• C)Prevent users from editing a worksheet or the entire workbook.
• D)A command that makes a document read-only,prevents additional changes to the document and disables editing comments,typing,and proofing marks.

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Definitions:

Reversing Entries

Journal entries made at the beginning of an accounting period to reverse or cancel adjusting entries made at the end of the previous period, simplifying the recording of subsequent transactions.

Operating Cycle

The average time period between the acquisition of inventory and the collection of cash from accounts receivable, reflecting the efficiency of a company's operations.

Operating Cycle

The Operating Cycle refers to the period of time it takes for a company to purchase inventory, sell the products, and turn the sales into cash.

Classified Balance Sheets

Balance sheets that organize assets and liabilities into subcategories, such as current and non-current, to provide a clearer financial picture.