Question
4. Which of the following would represent a statement that a company would likely not receive from their financial institution to perform a reconciliation in
4. Which of the following would represent a statement that a company would likely not receive from their financial institution to perform a reconciliation in QuickBooks?
a. Credit card statement
b. Mortgage statement
c. Chequing Account statement
d. Savings Account statement
5. Accumulated depreciation is typically what kind of account in QuickBooks:
a. A subaccount of a fixed asset account
b. A subaccount of a current asset account
c. An expense account
d. a subaccount of a liability account
6. Match the information on the left with the appropriate account-type on the right:
a. Retained Earnings 1. Fixed Asset
b. Advertising 2. Current Liability
c. Accounts Payable 3. Equity
d. Sales Revenue 4. Expense
e. Inventory 5. Long-Term Liability
f. Delivery Truck 6. Current Asset
g. Building Loan 7. Income
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