Multiple Choice
If the session date is May 31st,what is the purpose of clearing paid customer invoices to April 30th -
A) to allow us to remove stored entries
B) to allow us to prepare customer statements for the previous month
C) to allow us to remove journal entries
D) to allow us to retain HST data for the previous month
Correct Answer:

Verified
Correct Answer:
Verified
Q16: Cash and cheques are recorded differently on
Q17: You will have an unresolved reconciliation amount
Q18: To enter NSF cheques when deposit slips
Q19: Automatic fixed monthly payments such as auto
Q20: Which one of the following general statements
Q21: To reconcile a credit card receivable account
Q23: The Banking module window includes journal icons
Q24: To transfer funds to and from credit
Q25: Which one is not a procedure to
Q26: Which accounts may be set up to