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QuickBooks MCQs

The primary purpose for setting a Closing Date password is:

Ensure that only the accountant's copy can have transactions changed that are prior to the closing date

To have Quickbooks prompt you when you attempt to make a change to a transaction prior to the closing date.

To allow the reversing entries to be made to close the books

To lock down all transactions and not allow changes prior to the closing date

Answer

Correct Answer: To have Quickbooks prompt you when you attempt to make a change to a transaction prior to the closing date.

Explanation:

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