Question: 1. Why is it important to understand the accounting equation when building athe chart of accounts in QuickBooks? 2. Why do we attach account numbers

1. Why is it important to understand the accounting equation when building athe chart of accounts in QuickBooks? 2. Why do we attach account numbers to accounts in QBO? 3. What is the accounting entry that happens when you create a sales invoice in QBO? What is the debit(s) and the credit (s)? 4. In what situation would you use the 'sales receipt' transaction in QBO? 5. In your opinion, what is some of the advantages of the business using QBO to invite their accountant to view their books? How could you, in the future, use the same functionality in your future career

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