Accounting I Unit 1 Review

Data can be entered into a cell as a numeric label (used to identify or name information) by first entering which character? (BA10.01.03)

• : (colon)
• + (plus sign)
• ‘ (apostrophe)
• $ (dollar sign)

Tags

NCCTE.2019.BA10.01.03

The standards, conventions, and rules that accountants follow to prepare financial reports are known as: (BA10.01.01)

• generally accepted accounting principles.
• accounting and audit procedures.
• management accounting.
• executive accounting.

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NCCTE.2019.BA10.01.01

Most of the totals in C13 through G13 were formatted using which number style? (BA10.01.03)

• comma style
• accounting
• general
• number

Tags

NCCTE.2019.BA10.01.03

To get all the labor hours in column B to look consistent, what command format should be used? (BA10.01.03)

• General
• Percentage
• Increase Indent
• Increase Decimal

Tags

NCCTE.2019.BA10.01.03

Which term refers to the owner having full responsibility for company debts and obligations? (BA10.01.02)

• limited liability
• stock obligation
• unlimited liability
• taxation obligation

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NCCTE.2019.BA10.01.02

In which type of business are operations and production usually unaffected when ownership is transferred? (BA10.01.02)

• corporation
• partnership
• sole proprietorship
• limited liability company

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NCCTE.2019.BA10.01.02

In which type of business ownership structure does each owner in the group risk losing his/her personal property even though responsibilities are shared?

• limited liability company
• sole proprietorship
• partnership
• corporation

Tags

NCCTE.2019.BA10.01.02

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

• formula
• function
• label
• value

Tags

NCCTE.2019.BA10.01.03

Which formula is used to calculate the 6% tax of the SUBTOT?

• =3,192.60 X 6%
• =F11 * .06
• =6%/F11
• =F11*F12

Tags

NCCTE.2019.BA10.01.03

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?

• Formulas Page
• Insert Page
• Page Layout
• Review

Tags

NCCTE.2019.BA10.01.03