When setting up an existing company in QuickBooks, which of the following opening adjustments require journal entries?
A) When accounts payable opening balances create Uncategorized Expenses
B) When the Customer List is created
C) When payroll entries are added
D) None of these
Correct Answer:
Verified
Q2: To add an existing opening balance to
Q3: When creating a new QuickBooks data file
Q5: Inventory items received should be compared against:
A)Purchase
Q6: When using QuickBooks, sales tax is:
A)Calculated manually
Q7: If the supplies on hand at the
Q8: Retail customers:
A)Pay no sales tax
B)Pay sales tax
C)Pay
Q8: The Chart of Accounts:
A)Verifies the accounting system
Q9: When recording the sale of a product,
Q10: When you place an order for items
Q16: When creating a new QuickBooks data file
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