A Chart of Accounts

question 12

Multiple Choice

A chart of accounts:

• A)is where transactions are initially recorded.
• B)is where transactions are posted to after they are initially recorded.
• C)serves as an index to the ledger, with each account numbered to facilitate frequent references that are made to it.
• D)is the same as a T-account, with debits on the left and credits on the right.

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Definitions:

Table Reference

In databases or spreadsheets, an indicator or pointer that allows formulas or functions to access data stored in a specific table or range.

Column Names

Titles or labels given to individual columns in a database or spreadsheet to identify the type of data they contain.

Change To Range

The process of converting a set of data or cell references in spreadsheet software from a fixed format to a more flexible range format.

Table Tools Design

A set of specific utilities in spreadsheet and database software used for formatting and designing tables.