QBO: Quick Books Online

QUESTION 1 Which of the following statement is not true? O a Budgets by class or location can be created in QBO O b. Users can set up a budget from scratch or can have QBO automatically create a budget based on prior year's data. O c. Multiple annual budgets can be created in QBO. O d. Budgeting is a preference in QBO (must be activated) QUESTION 8 Which transaction type can be set up to reverse in the subsequent month? a Invoices O b. Journal Entry O c. Bills d. Sales Receipt QUESTION 10 Which of the following is not an option when setting up a recurring transaction? O a. Specifying how often the transaction should be recorded O b. Specifying the start date for the transaction O C. Specifying the number of times the transaction should be recorded when automatic entry is selected O d. All of the above are options