What is NOT true regarding the Trial Balance?
A) Trial Balances are prepared only after making adjustments (adjusting entries) since the account balances must be up to date to prepare a trial balance.
B) It is a listing of all of the company's accounts and the ending account balances; it is prepared both before and after making adjusting entries.
C) Its purpose is to verify account balances and ensure an accounting system balances.
D) To view a Trial Balance in QBO view All Reports in Reports and select Accounting Reports.
Correct Answer:
Verified
Q8: In QBO,in the Dashboard select Reports then
Q9: What are the three main financial statements?
A)Profit
Q10: What is NOT true regarding QBO reports?
A)QBO
Q11: Which two management reports in QBO are
Q12: The financial statements must be prepared in
Q14: In QBO,select the option that is NOT
Q15: Management Reports are:
A)used by management and do
Q16: On a Statement of Cash Flows,cash flows
Q17: In QBO,how are the Open Purchase Orders
Q18: In QBO,the three different financial statements are
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