Multiple Choice
In QBO,account numbers are:
A) used to uniquely identify specific accounts but do not assist in identifying an account type i.e.asset,liability,revenue,expense,and equity.
B) used to only identify an account type and the account name identifies the specific account.
C) used to uniquely identify accounts and help identify an account type.
D) a combination of being randomly assigned and assigned alphabetically buy the user of QBO.
Correct Answer:

Verified
Correct Answer:
Verified
Q10: To enter account numbers into QBO:<br>A)Select Accounting
Q11: All of the following are true regarding
Q12: What are QBO Sub-accounts and how are
Q13: Which is not true regarding deleting accounts
Q14: What is the primary objective of accounting
Q15: Profit and Loss Statement includes the following
Q16: The balance sheet summarizes what a company
Q18: QBO is able to display account numbers
Q19: Net income is calculated by:<br>A)Net Income =
Q20: The main financial statements of a business