If a Number Is Formatted with the D3 Formatter,it Means

question 56

Multiple Choice

If a number is formatted with the D3 formatter,it means that:

• A) the number has to have at least three digits even if they are zero
• B) the number has a dollar sign and is at least three digits long
• C) creates each number in three dimensions
• D) it is an error

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Definitions:

Sales Refund Payable

A liability account that holds funds reserved for future refunds to customers for returned goods.

Sales Returns

Goods returned by customers to the seller after the sale, which result in a reduction of revenue previously recognized.

Adjusting Entry

A journal entry made in accounting records at the end of an accounting period to allocate income and expenditure to the correct periods.

Periodic Inventory System

An inventory accounting system where the inventory count is physically conducted at specific intervals, typically at the end of an accounting period.