In QBO,users can save adjusting entries as recurring transactions.Which of the following is FALSE regarding recurring transactions used for adjustments?
A) Saving adjusting entries as recurring transactions saves time.
B) When saving adjusting entries as recurring transactions users still must update the amount of the adjustment as needed.
C) There are two ways to save adjusting entries as recurring transactions: 1.Using the Onscreen journal and 2.Using the recurring transactions screen.
D) It is challenging to use recurring transactions for adjustments since most adjustment amounts need to change every month.
Correct Answer:
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Q1: One way QBO enters adjusting entries is
Q2: What is the accounting cycle?
A)It is a
Q4: What is the definition of depreciation?
A)Depreciation is
Q5: What is the difference between the accrual
Q6: What is the easiest way to correct
Q7: What is the difference between a correcting
Q8: Correcting errors on saved documents requires all
Q9: An example of an adjusting entry
Q10: In QBO,the process for saving adjusting entries
Q11: In QBO,Recurring transactions can be classified as:
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