When You Use Five-Digit Account Numbers -

question 2

Multiple Choice

When you use five-digit account numbers -

• A)this changes the way you select an account in a journal
• B)you can type four or five digits to enter the account number if the final digit is zero
• C)it is more difficult to locate the account you need for a transaction
• D)you increase the number of accounts you can create for a company data file

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Definitions:

QBO Settings

Configuration options within QuickBooks Online software that allow users to customize accounts, preferences, and features as per their business requirements.

QBO Transactions

Financial activities recorded in QuickBooks Online, such as sales, purchases, payments, and receipts.

QBO Reports

Financial summaries generated within QuickBooks Online, providing insights into various aspects of a business's financial performance.

LLC

An abbreviation for Limited Liability Company, a business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.