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CCNA Exam: Access list

Hi,

1)This is mentioned at one of the Prep Test
2)The access list is as the followings:
" access-list 101 permit ip 192.168.1.0 0.0.0.255 any "
3) My questions: i) i understood up to " access-list 101 permit", ii) why it needs to mention the wording of "ip" ?, iii) The " 192.168.1.0 0.0.0.255 " is a subnet? (confirm please), iv) for what is the wording "any" (if it has been mentioned the subnet "192.168.1.0 0.0.0.255"; so it will cover anything, right?)
4) Thank you

tjie
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