Question: Name: QuickBooks (desktop) - Assignment 2 1. What is the purpose behind memorized transactions? 2. What does the abbreviation C.O.G.S stand for? 3. Sales invoices

Name: QuickBooks (desktop) - Assignment 2 1. What is the purpose behind memorized transactions? 2. What does the abbreviation C.O.G.S stand for? 3. Sales invoices are automatically sequentially numbered by Quickbooks: True or False 4. What are Undeposited Funds? Where can you select or deselect the option: Use Undeposited Funds as a default deposit to account? Marks: 7 (2 marks) 5. If you have limited information about a new business, the Detailed Start:EasyStep Interview method should be used to create a new company file: True or False 6. What are the three options available to edit accounts in the Chart of Accounts

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