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Please can you check me these answers for me if it is not correct please give me the right anwers thank you Question 1: When
Please can you check me these answers for me if it is not correct please give me the right anwers thank you
Question 1: When should you select settings and customizations for your company file? Answer: A. At the time you create the company file B. O As work related to the settings comes up C. Before the end of the business's first fiscal year D. O In the second quarter Question 2: What is the Chart of Accounts? Answer: A. The list of accounts for each transaction in the accounting system or general ledger B. The menu of products and services that the company offers its customers C. The full list of account numbers associated with the company's customers and vendors D. The balance of each account as of the start date of the business Question 3: Which of these would be an appropriate start date for a business? Answer: A. December 31 of the current year B. The first day of a period, month, quarter, or year C. The day of your first expense D. The day of your first sale Question 4: What is an historical transaction? Answer: A. A transaction that occurred before the start date of the company B. A transaction that appears in the company file by default in QuickBooks Online C. A journal entry D. O A report showing company transactions as of the start date Question 5: Why can't you merge an income account with an expense account in the Chart of Accounts? Answer: A. Expense accounts are not included in the Chart of Accounts. B. You can only merge accounts that are of the same type. C. The income account would override the expense account. D. QuickBooks only supports the unmerging of accounts, not the merging of them. Question 6: What is a product or service linked to? Answer: A. A journal entry B. The associated uncategorized asset account C. At least one account in the Chart of Accounts D. The historical transactionStep by Step Solution
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