Multiple Choice
Which of the following statements are NOT true regarding QBO Chart of Accounts?
A) QBO automatically creates a Chart of Accounts when a new company is set up.
B) QBO Chart of Accounts is customized by a user to fit its company's needs.
C) QBO Chart of Accounts is customized to fit a company's needs and is not overly useful regarding tax return preparation since it is completed by using an IRS form.
D) QBO Chart of Accounts is aligned with a company's tax return since QBO is used to organize financial information for tax preparation.
Correct Answer:
Verified
Correct Answer:
Verified
Q10: QBO SatNav divides QBO into which of
Q11: QBO Help and Support:<br>A)Is essentially the same
Q12: The QBO Create (+)icon lists various transactions
Q13: To access every transaction that has impacted
Q14: Why is it important to align QBO
Q15: QBO SatNav allows the user to view
Q16: QBO Reports is a process included in
Q17: What type of legal entity do many
Q18: Which of the following statements is true
Q20: Accounts Receivable is:<br>A)Amounts owed from customers.<br>B)Amounts owed