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Author Question: Which of the following statements are true about recording Adjusting Entries in QuickBooks? a. ... (Read 64 times)

colton

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on: Jul 6, 2018
Which of the following statements are true about recording Adjusting Entries in QuickBooks?
 a. QuickBooks automatically enters Adjusting Entries.
   b. The only difference between Adjusting and General Entries is to check the Adjusting Entry box on the journal screen.
   c. Adjusting Entries are only entered once a year.
   d. None of the above

Question 2

What general ledger account(s) is (are) required to control an expenditures subsidiary ledger?
 
  a. Appropriations
  b. Expenditures
  c. Encumbrances
  d. All of the above


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billybob123

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Reply #1 on: Jul 6, 2018
Answer to Question 1

b

Answer to Question 2

D


colton

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Reply 2 on: Jul 6, 2018
Thanks for the timely response, appreciate it

amandalm

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Reply 3 on: Yesterday
Excellent

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