In QBO,Recurring transactions can be classified as: 1.Scheduled 2.Unscheduled 3.Reminder.Which of the following statements is NOT true regarding these three classifications?
A) Scheduled transactions are a great option to use for Recurring adjusting entry transactions since adjustments generally are for a constant amount each time.
B) Scheduled transactions mean QBO automatically enters the transaction on the date the user specifies.
C) Unscheduled transactions appear in the Recurring Transactions list but QBO will not automatically enter the transaction.
D) Reminder transactions mean QBO will alert us with a reminder when we should use a recurring transaction to enter in an adjustment.
Correct Answer:
Verified
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Q12: Accrued expenses are:
A)expenses that have been paid
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A)When
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Q15: Which selection below is FALSE regarding Adjustments?
A)Adjustments
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