When closing the accounting period you:
A) Close temporary accounts at year end
B) Bring account balances up to date at year end
C) Close permanent accounts at year-end
D) All the choices are correct
Correct Answer:
Verified
Q6: To create a new company data file
Q7: When setting up a new company,QuickBooks automatically
Q8: To record a sales transaction,use the following:
A)Create
Q9: The Customers List contains information about:
A)The quantity
Q10: To edit an account in the Chart
Q12: Which icon does not appear in the
Q13: QuickBooks creates a Chart of Accounts for
Q14: To display account numbers in the Chart
Q15: Sales on account are recorded using the
Q16: The Vendors List contains information about:
A)Addresses,contacts and
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