Question: 1. What are the differences between ITEMS and ACCOUNTS? 2. What are the two primary Reports in QuickBooks (financial statements)? 3. What is the difference

1. What are the differences between ITEMS and ACCOUNTS? 2. What are the two primary Reports in QuickBooks (financial statements)? 3. What is the difference between accrual and cash basis? 4. What is the difference between Entering a Bill (and Bill Payment) and writing a check? 5. What is the Undeposited Funds Account?

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