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QuickBooks Chapter 07 Questions and Answers Rated A+
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1. A period that the company uses for accounting purposes and preparing financial statements. a. First quarter. b. Fourth quarter. c. Fiscal year. d. End of year. e. None. Fiscal year. 2. A software design that emphasizes separating the functions of a program into independent, interchangeable components is called: a. A user interface. b. The operating system. c. Web-delivered software. d. Modules. e. All Modules. 3. The accounts shown on the balance sheet are called: a. Permanent accounts. b. Temporary accounts. c. Transaction entries. d. Customized accounts. e. All. Permanent accounts.
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