Author Question: Sales can be recorded in QuickBooks in the following way: a. Using the journal entry method b. ... (Read 62 times)

DyllonKazuo

  • Hero Member
  • *****
  • Posts: 565
Sales can be recorded in QuickBooks in the following way:
 a. Using the journal entry method
   b. Creating a sales receipt
   c. Creating an invoice
   d. All of the above

Question 2

If an Enterprise Fund transfers employer contributions to the Pension Trust Fund, which of the following best describes the effect of the transaction on each fund?
 
  a. The Enterprise Fund will report expenses and the Pension Trust Fund will report revenues.
  b. The Enterprise Fund will report deductions and the Pension Trust Fund will report additions.
  c. The Enterprise Fund will report expenses and the Pension Trust Fund will report additions.
  d. The Enterprise Fund will report transfers out and the Pension Trust Fund will report transfers in.
  e. The Enterprise Fund will report expenditures and the Pension Trust Fund will report revenues.



T4T

  • Sr. Member
  • ****
  • Posts: 348
Answer to Question 1

d

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

For a complete list of videos, visit our video library