What Is Drill-Down Capability

question 66

Multiple Choice

What is drill-down capability?

• A)Involves the aggregation of information and features simple roll-ups to complex groupings of interrelated information
• B)The ability to look at information from different perspectives
• C)Enables users to get details, and details of details, of information
• D)Finds the inputs necessary to achieve a goal such as a desired level of output

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Definitions:

Prepaid Expense

An expense that has been paid in advance and recorded as an asset until it becomes an actual expense.

Accrued Revenue

Income earned but not yet received, representing goods or services provided to customers on credit.

Supplies Used

The total value or quantity of materials and supplies consumed during a production or operational period.

End-Of-Period Adjusting Entries

Entries recorded in journals at the close of an accounting cycle to refresh the balances of accounts prior to the compilation of financial statements.