Question: 1. What are the steps to record borrowing on a note payable? 2. What value do budgets provide a business? 3. Explain the difference between

1. What are the steps to record borrowing on a note payable?

2. What value do budgets provide a business?

3. Explain the difference between the Budget Overview report and the Budget vs. Actual report.

4. What is an unadjusted trial balance?

5. What QBO task is used to record accruals and deferrals?

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