Which of the following statements about the default linked expense account for a supplier is incorrect
A) you can select an asset account as the linked account
B) the default account may be changed in the purchases journal
C) you must select an expense account as the linked account
D) the linked account is entered on the supplier's option tab input screen
Correct Answer:
Verified
Q2: Which one of the following statements about
Q3: Recurring transactions are not generally used for
Q4: To change a stored/recurring transaction -
A) remove
Q5: The HST (harmonized sales tax) on purchases
Q6: Transactions entered in the payments journal will
Q8: A purchases journal entry will not balance
Q9: To record a partial payment in the
Q10: Which one of the following general statements
Q11: Which one of the following statements about
Q12: The payables ledger input screens will not
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents