Correct Answer: Reconciliation is on cash basis instead of accrual basis
Explanation:
Note: This Question is unanswered, help us to find answer for this one
QuickBooks Skill Assessment
Your Skill Level: Poor
Retake Quizzes to improve it
More QuickBooks MCQ Questions
The keyboard shortcut for Quick Report is:
Creating a credit memo in QuickBooks allows you to do which of the following?
The Cookie Company would like to value their inventory. Which method in QuickBooks Enterprise should be used?
Which account does not have an account register?
Double clicking the diamond on the report column will trigger which of the following actions?
Can we generate an outstanding dues report for customer by setting up the limit?
Can you email the income statement and balance sheet reports directly from QuickBooks?
Can you link quickbooks directly to your bank account?
If you select more than one bill to pay from the same vendor, Quickbooks automatically combines those payments into one check.
When you have a fair, and you are selling items there to customers that you don't want to enter on your customer list, as you may not see them again, you can enter them under miscellaneous customer account.