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How many Asset accounts and subaccounts appear in your Chart of Accounts report? How many Liability accounts appear in your Chart of Accounts report? How

  1. How many Asset accounts and subaccounts appear in your Chart of Accounts report?
  2. How many Liability accounts appear in your Chart of Accounts report?
  3. How many Equity accounts appear in your Chart of Accounts report?
  4. How many Income accounts appear in your Chart of Accounts report?
  5. How many Expense accounts and subaccounts appear in your Chart of Accounts report?
  6. Checking and crosschecking for accuracy becomes a crucial habit when working with QBO. Crosschecking refers to checking data or reports against various sources to verify accuracy. The QBO company we created in Chapter 1, Mookie The Beagle Concierge, carries all work forward to later chapters. At this point, crosschecking your QBO Chart of Accounts can make life easier for you later on.
    1. Compare your QBO Chart of Accounts with the following COA.
    2. If necessary, update your QBO COA so that it contains the necessary accounts and accounts numbers as shown on the following COA.
    3. Does your COA now contain exactly the same accounts as the following COA?
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[LastIVamerrstntal] IMooke I he Beagle Loncierge Account List \begin{tabular}{|l|l|} \hline 4. Asset accounts & \\ \hline 5. Liability accounts & \\ \hline 6. Equity accounts & \\ \hline 7. Income accounts & \\ \hline 8. Expense accounts & \\ \hline \end{tabular}

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