Correct Answer: To enter late fees, penalties, or interest
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
Is it possible to merge two list entries?
Why is setting a closing date in QuickBooks a good practice?
How do you record a debit card purchase in QuickBooks?
Which two accounts are typically affected by Payroll Items when using the Payroll feature?
You are setting up QuickBooks for the first time for a company that was established in 2001. During the Advanced/Detailed Setup, what should you enter as the start date?
Shortcut action that results from pressing Crtl+T?
What type of account is undeposited funds?
What is a Quickbooks Audit Trail?
The shortcut to Open Invoices is:
True or False: QBP preference options control whether or not a decimal point will be required when entering a financial amount.