To Use Applications, a Computer Must Be Running an Operating

question 59

True/False

To use applications, a computer must be running an operating system.

Differentiate between control types and their specific uses in forms and reports.

Learn the method for adding and formatting date and numerical data in reports.

Understand the process for sorting and grouping data within reports.

Become familiar with the concept and configuration of calculated controls.

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Definitions:

Compensating Balance

A minimum account balance that a company must maintain as part of an agreement with a lender, often to secure a loan or line of credit.

Cash Balance

The amount of money on hand and available in a company's bank accounts at any given time.

EFT

Electronic Funds Transfer, a system that moves money between accounts electronically.

Bank Reconciliation Process

The act of matching the balances in a company's financial records for a cash account to the corresponding information on a bank statement.