Question: To process transactions and organize data for reporting, QuickBooks Online establishes specific general ledger accounts as default accounts in each activity window. Which one of

To process transactions and organize data for reporting, QuickBooks Online establishes specific general ledger accounts as default accounts in each activity window. Which one of the following accounts is a system default account for a customer?
an expense account
Accounts Payable
a liability account
Accounts Receivable
 To process transactions and organize data for reporting, QuickBooks Online establishes

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!