Which of the Following Tips Can Be Helpful When You

question 31

Multiple Choice

Which of the following tips can be helpful when you can't figure out what formula needs to be entered in an output cell?

• A)Visualize where you want to finish
• B)Test the model
• C)Do some calculations by hand
• D)Optimize the model
• E)All of the above

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Definitions:

Subsidiary Ledger

A detailed ledger that contains the individual accounts with a common characteristic, supporting entries recorded in a general ledger.

Accounting Period

The span of time at the end of which a company's financial statements are prepared, typically a quarter or year.

Cost Effectiveness

A measure of the economic efficiency in terms of the cost incurred for a given outcome or result.

Accounting System

An organized set of manual and computerized accounting methods, procedures, and controls established to gather, record, classify, analyze, summarize, interpret, and present accurate and timely financial data.