Accounting 1 - 1.00

Front

Data can be entered into a cell as a numeric label ( used to identify or name information ) by first entering which character ?

Back

' ( apostrophe)

Front

The standards, conventions, and rules that accountants follow to prepare financial reports are known as :

Back

generally accepted accounting principles

Front

Which term refers to the owner having full responsibility for company debts and obligations?

Back

unlimited liability

Front

To get all columns to have a consistent number of decimals, what command format should be used? Options: general, percentage, increase indent, increase decimal

Back

increase decimal

Front

Samantha needs to total the values in cells A1 to A10. what is the most efficient method to find the answer?

Back

function

Front

Which formula is used to calculate the 6% tax in cell F14? Options: = 3,192.60 x 6%, = F11*.06, =6%/F11, =F11* F12

Back

= F11*.06

Front

Tameka wants to change the orientation of her spreadsheet from landscape to portrait. On which tab of the Excel ribbon will this command be found?

Back

page layout

Front

In which type of business are operations and production usually unaffected when ownership is transferred? Options: corporation, partnership, sole proprietorship, limited liability company

Back

corporation

Front

The accounting assumption that a business is expected to survive and operate indefinitely is called a :

Back

going concern

Front

In which type of business ownership structure does each owner in the group risk losing his/her personal property even though responsibilities are shared? Options: limited liability company, sole proprietorship, partnership, corporation

Back

partnership