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QUESTION 1 Which account should be used to make a rent payment for a company's office building? O Owner's personal checking account Payroll related checking
QUESTION 1 Which account should be used to make a rent payment for a company's office building? O Owner's personal checking account Payroll related checking account Tax related checking account O Operations related checking account QUESTION 2 The "Select Payments Included in This Deposit" section of the Bank Deposit form lists Payments received from customers that were deposited. Investments from the company owners. Payments received from customers but not deposited yet Payments received from other income, such as rental income. O O O QUESTION 3 The banking activities that QuickBooks Online records include: All of the choices are correct. O Bank transfers O Bank checks O Bank deposits QUESTION 4 Source documents, such as a canceled check, should be kept on file for Tax purposes O Profit and Loss statement Trial Balance Sheet preparation O None of the choices are correct. QUESTION 5 In the QuickBooks Online Check Register the check mark ( Pay Bills, and Interest on Investments. Expense, Receipt Advices, Bill > Pay Bills, and Purchase Order > Bill > Pay Bills Interest Earned, Investments from Owners, Bill > Pay Bills, and Purchase Order > Pay Bills. O Expense, Check, Bill > Pay Bills, and Purchase Order >Bill Pay Bills. QUESTION 10 Which account should be used to make a mortgage payment for the home of a company's owner? Tax related checking account Payroll related checking account O Operations related checking account O Owner's personal checking account
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