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QuickBooks Chapter 1 Test Exam Latest Update with 100% Verified Solutions ||Graded A+ (2024)!!!
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Data entry is the same in QuickBooks whether you use accrual or cash basis accounting True Always back up your company file to a location NOT on the same hard drive as the original file True The cash basis accounting means the sale transaction is recorded when the sale is made, and expenses are recorded when they are incurred False QuickBooks for Mac has the same basic look as the Windows version, but the functions are different False Leann works for a nonprofit organization. At a past job she used QuickBooks CANNOT be used for nonprofits False Rahim is having trouble managing his small business's finances. His friend is encouraging him to purchase QuickBooks because, "You don't have to know anything about accounting
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