Question: 20. If the session date is May 31st, what is the purpose of clearing paid customer invoices to April 30th a. to allow us to

20. If the session date is May 31st, what is the purpose of clearing paid customer invoices to April 30th

a. to allow us to remove stored entries

b. to allow us to prepare customer statements for the previous month

c. to allow us to remove journal entries

d. to allow us to retain HST data for the previous month

21. The Banking module window includes journal icons for

a. sales, receipts and payments

b. purchases, receipts and payments

c. receipts, payments and general journal transactions

d. transactions that involve bank accounts

22. Which one of the following statements about inventory items is not correct

a. you will be unable to change the opening value after you finish entering the history

b. you will be unable to change the quantity on hand after you finish entering the history

c. you will be able to change the value and quantity after you finish entering the history

d. linked inventory accounts are not required in order to finish entering the history

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