If You Wanted to Limit the Output of Data to Transactions

question 46

Multiple Choice

If you wanted to limit the output of data to transactions occurring after April 1,2009,what tab or object would you select?

• A)Table
• B)Queries
• C)Forms
• D)Reports

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Definitions:

Gross Profit Method

A technique used for estimating inventory and cost of goods sold, calculated by applying a gross profit percentage to sales.

Retail Inventory Method

An accounting method used by retailers to estimate inventory value by converting retail prices to cost prices.

Perpetual Inventory

A system of accounting for inventory that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.

Non-Cancellable Fixed Purchase Contract

A legally binding agreement to buy a specific quantity of goods or services at predetermined prices, where the contract cannot be cancelled without a breach.