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7. Which statement correctly describes a contra account? a. The balance always has more debits than credits. b. The balance is the same as what
7. Which statement correctly describes a contra account? a. The balance always has more debits than credits. b. The balance is the same as what would be considered normal for its section. c. The balance always has more credits than debits. d. The balance is the opposite of what would be considered normal for its section. 8. Under what conditions can you issue a customer credit? a. The decision to reduce the original invoice amount is approved by the business. b. The customer decides they should not pay as much as charged. c. The customer took a discount on the invoice. d. The cost of what the customer purchased decreased. 9. How can you change the automatic decimal placement setting in QuickBooks ? a. Open the Preferences dialog box and click Accounting. b. Open the Preferences dialog box and click Desktop View. c. Open the Preferences dialog box and click General d. Open the Preferences dialog box and click Payments. 10. Which keyboard key should you press to determine your QuickBooks product release number? a. F1 b. F2 c. F3 d. F4
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