What Effect Does the Accounting Number Format Have on the Selected

question 24

Multiple Choice

What effect does the Accounting Number Format have on the selected cells?

• A) Converts alphabetic characters to numbers
• B) Displays cell contents with two decimal places that align vertically
• C) Performs tax calculations
• D) Copies the numbers of one cell to another

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Definitions:

Withdrawals

The act of taking out cash or other assets from a business by the owner for personal use.

Investments

Financial assets purchased with the expectation they will generate income or appreciate in the future.

Balance Sheet

The balance sheet is a financial statement that reports a company's assets, liabilities, and shareholders' equity at a specific point in time, providing a snapshot of its financial condition.

Telephone Expense

This represents the cost associated with telephone usage and services for a business, classified as an office expense.