a. Consider this statement: "Quickbooks Accountant records revenue when an invoice is generated even though cash has not been received." Is this practice acceptable? Why or why not?

b. When you've finished reconciling a bank account, what should be the difference between the ending balance and the cleared balance?

c. What information is included in the Reconciliation Summary report?

d. Explain the typical relationship between sales and cost of goods sold, and describe how this information is included in the QuickBooks Accountant budgeting process

discuss. #4