Spreadsheets Can Be Used to

question 11

Multiple Choice

Spreadsheets can be used to

• A)Create two-dimensional databases
• B)Store data that is not in the accounting system
• C)Keep data secure
• D)A and B

Understand how to categorize accounts correctly.

Identify the normal balances (debit or credit) for various accounts.

Understand which financial statements different accounts appear on.

Grasp the concept of the expanded accounting equation and its impact on Owner's Equity.

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Definitions:

Catharsis

The process of releasing and thereby providing relief from strong or repressed emotions, often through art, conversation, or other forms of expression.

Universality

The quality or state of being universal; applicable or common to all purposes, conditions, or situations.

Therapeutic Factor

A concept in psychotherapy referring to the effective elements or processes that contribute to healing and change in therapy.

Insight

The understanding or deep perception of a situation or fact.