Multiple Choice
Select the statement that is not true regarding Assets.
A) Asset accounts include but are not limited to: cash,accounts receivable,inventory,and fixed assets.
B) Assets provide a future benefit to the company.
C) Assets are amounts a company owes to others.
D) Assets are resources a company owns.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: Which of the following is incorrect regarding
Q3: Which of the following is correct?<br>A)Balance sheet
Q4: When in the QBO Chart of Accounts
Q5: Which of the following statements is not
Q6: Liabilities:<br>A)Are amounts a company owes to others.<br>B)Represent
Q8: An account name can be changed in
Q9: Which of the following is correct regarding
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