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QuickBooks Chapter 4 Questions and Answers 100% Pass
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Accrual-basis accounting matches the income from the period and the expenses for the period in order to determine the net income or net loss for the period. True In QuickBooks, the Journal is called the book of final entry. False An account may be deleted at any time. False In a sole proprietorship, an owner's name is added to the Vendor List for recording withdrawals. False Additional investments made by an owner may be cash or non-cash items. True QuickBooks records every transaction in the Journal. True A Reconciliation Detail Report prints the last two bank reconciliation reports. False
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quickbooks chapter 4 questions and answers
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