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1

Accounting Dec 05, 2020

1. when you record a sales receipt, where is the customer's payment recorded?

A. undeposited funds\

B. deposited funds

C, your bank account

D. the account you select in the send payment: to drop-down list.

2. why would you restore a company file?

A. to review your company data as it stood in an earlier period or to replace a file was lost due to a computer crash.

B, to combine data from 2 separate company file or to replace a file that was lost due to a computer crash,

C. to review your company data as it stood in an earlier period or to combine data from 2 separate company files.

D. the only reason to ever restore a company file is to replace a file that was lost due to a computer crash.

3, which choice contains valid reasons for an accountant to enter a general journal entry?

A . to enter depreciation, make year-end adjustments, correct, and to avoid using the built-in forms(eg, checks and invoices)

B. to make year-end adjustments, correct, and to avoid using the built-in forms(eg, checks and invoices)

C. to enter depreciation, make year-end adjustments, correct, and to avoid using the built-in forms(eg, checks and invoices)

D. to enter depreciation, make year-end adjustments, and to correct errors.

Expert Solution

 

1. your bank account

2. to review your company data as it stood in an earlier period or to replace a file was lost due to a computer crash.

3.to enter depreciation, make year-end adjustments, correct, and to avoid using the built-in forms(eg, checks and invoices)

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