In QBO,how are the Audit Log and the Transaction Journal similar and different?
A) Similar: Both reports can be used to track down journal entries to source documents. Different: The Transaction Journal lists every journal entry (debits and credits) entered in QBO and the Audit Log tracks all changes made to QBO records.
B) Similar: Both reports can be used to track down unauthorized changes made to the accounting records. Different: The Transaction Journal improves internal control by tracking unauthorized changes to accounting records,and the Audit Log tracks all transactions entered into QBO.
C) Similar: Both reports can be used to track down errors. Different: The Transaction Journal is useful if you have more than one QBO user,and the Audit Log tracks all changes made to our QBO records.
D) Similar: Both reports can be used to track down errors. Different: The Transaction Journal lists every journal entry (debits and credits) entered in QBO and the Audit Log tracks all changes made to QBO records.
Correct Answer:
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Q1: In QBO,A/R Aging and A/P Aging Reports
Q2: What is NOT true regarding Tax forms?
A)The
Q3: Which of the following is false regarding
Q4: All of the following statements are true
Q5: What is the main objective of financial
Q7: In QBO,management reports include the following:
A)Customer reports,Vendor
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
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