Question 4: All customer payments are by default deposited to the Deposited Funds account.

Answer:

A.

True

B.

False

Question 5: Match these account types to their best descriptions.

Assets Expenses Equity Income Liabilities

The investment made into the company What the company owns All of the sales and fees earned What the company owes Company-incurred expenditures

Question 6: You can print a list of your vendors, but you CANNOT export them from the Expenses center.

Answer:

A.

True

B.

False