Ask Accounting Basics Expert

Question 1. To enter a number as text, you should precede it with:

A. a comma.
B. a period.
C. a parenthesis.
D. an apostrophe.

Question 2. The shortcut for Repeat is:

A. Ctrl+Y.
B. Ctrl+R.
C. Ctrl+N.
D. Ctrl+H.

Question 3. The first thing you must do when entering a formula is:

A. Start the formula with an equal sign.
B. Select the cell where the formula is to be located.
C. Type the formula.
D. Click the Enter box or press the ENTER key.

Question 4. Which of the following CANNOT be used to exit Microsoft Excel?

A. Ctrl+Z
B. keyboard
C. arrow keys
D. mouse

Question 5. The sum of cells E2, E3, E4, and E5 may be found by typing any of the formulas below EXCEPT:

A. =SUM(E2,E3,E4,E5).
B. =SUM(E2-E5).
C. =SUM(E2:E5).
D. =(E2+E3+E4+E5).

Question 6. The shortcut Ctrl+A means:

A. Copy.
B. Select All.
C. New Workbook.
D. Undo.

Question 7. __________ is the shortcut for the Repeat command.

A. Ctrl+H
B. Ctrl+Y
C. Ctrl+R
D. Ctrl+P

Question 8. The shortcut Ctrl+K means:

A. Repeat.
B. Cut.
C. Insert Hyperlink.
D. New Workbook.

Question 9. __________ an object deletes the data from the original area and transfers it to the new area.

A. Resizing
B. Copying
C. Deleting
D. Moving

Question 10. A file may be saved by pressing:

A. Ctrl+V.
B. Ctrl+C.
C. Ctrl+S.
D. Ctrl+N.

Question 11. To Cancel a Formula after pressing the ENTER key:

A. press ESC.
B. select Cancel from the Edit menu.
C. click the Cancel box.
D. click the Undo button on the Toolbar.

Question 12. Which of the following numerical formats is appropriate for showing a total on a financial statement?

A. general
B. accounting
C. date
D. percentage

Question 13. Using either the Toolbar or the __________ saves the worksheet.

A. Shortcut list
B. Menu bar
C. Enter box
D. Confirm box

Question 14. A __________ works the same way that a formula does.

A. function
B. calculation
C. command
D. shortcut

Question 15. The shortcut Ctrl+W means:

A. Close.
B. Cut.
C. Undo.
D. New Workbook.

Question 16. The result of the __________ will change when values in the worksheet change.

A. calculations
B. numeric entries
C. formula
D. data

Question 17. __________ is the shortcut for the Cut command.

A. Ctrl+X
B. Ctrl+C
C. Ctrl+H
D. Ctrl+T

Question 18. The __________ has several shortcuts for changing the appearance of data.

A. Shortcut list
B. Menu bar
C. Toolbar
D. Title bar

Question 19. Using the __________ icon saves the worksheet.

A. clipboard
B. underlined U
C. paintbrush
D. diskette

Question 20. The power of Excel is the ability to create and use formulas, which can be very long and complex. To simplify this process, Excel has some built-in formulas called:

A. functions.
B. syntaxes.
C. commands.
D. mathematical operators.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M92570814
  • Price:- $10

Priced at Now at $10, Verified Solution

Have any Question?


Related Questions in Accounting Basics

Question what discoveries have you made in your research

Question: What discoveries have you made in your research and how does this information inform your ability to evaluate effective coaching and its impact on organizations? Consider these guiding questions: 1. What core c ...

Question requirement 1 read the article in below attachment

Question: Requirement: 1. Read the article in below attachment, and answer the questions in a paper format. Read below requirements before your writing! 2. Not to list the answers, and you should write as a paper format. ...

Question as a financial consultant you have contracted with

Question: As a financial consultant, you have contracted with Wheel Industries to evaluate their procedures involving the evaluation of long term investment opportunities. You have agreed to provide a detailed report ill ...

Question the following information is taken from the

Question: The following information is taken from the accrual accounting records of Kroger Sales Company: 1. During January, Kroger paid $9,150 for supplies to be used in sales to customers during the next 2 months (Febr ...

Assignment 1 lasa 2-capital budgeting techniquesas a

Assignment 1: LASA # 2-Capital Budgeting Techniques As a financial consultant, you have contracted with Wheel Industries to evaluate their procedures involving the evaluation of long term investment opportunities. You ha ...

Assignment 2 discussion questionthe finance department of a

Assignment 2: Discussion Question The finance department of a large corporation has evaluated a possible capital project using the NPV method, the Payback Method, and the IRR method. The analysts are puzzled, since the N ...

Question in this case you have been provided financial

Question: In this case, you have been provided financial information about the company in order to create a cash budget. Management is seeking advice or clarification on three main assumptions the company has been operat ...

Question 1what step in the accounting cycle do adjusting

Question: 1. What step in the accounting cycle do Adjusting Entries show up 2. How do these relate to the Accounting Worksheet? 3. Why are they completed at the end of each accounting period? The response must be typed, ...

Question is it important for non-accountants to understand

Question: Is it important for non-accountants to understand how to read financial statements? If you are not part of the accounting/finance function in a business what difference would it make? The response must be typed ...

Question refer to the hat rack cash flow statement 2002 in

Question: Refer to the Hat Rack Cash Flow Statement, 2002 in the text on page 17. Answer the following questions and submit to me via Canvas by the due date. 1. Cash flow from operations? 2. Cash flow from investing? 3. ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As