The Payment of Expenses Should Be Recorded with a Credit

question 26

Multiple Choice

The payment of expenses should be recorded with a credit to:

• A) Cash
• B) Dividends
• C) Common shares
• D) Accounts Receivable

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Definitions:

Table View

A method of displaying data in rows and columns, similar to a spreadsheet.

Back Up Database

The process of making a copy of database content to protect against data loss.

Close and Back Up

The process of closing a software program and simultaneously creating a backup copy of the data to prevent loss.

Back Up Current

The action of creating a copy of existing data or system settings to prevent loss in case of system failure or data corruption.