When Your Accountant Is Working with the Accountant's Copy of Your

question 15

Multiple Choice

When your accountant is working with the Accountant's Copy of your data file,you cannot −

• A)change an account number
• B)start a new fiscal period
• C)enter general journal transactions
• D)make a backup copy of your data file

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Definitions:

Credit Card

A plastic card issued by a financial institution that allows the holder to borrow funds to pay for goods and services.

Repayment

The act of paying back money that was borrowed from a lender.

Homestead Exemption

A law permitting a debtor to retain the family home, either in its entirety or up to a specified dollar amount, free from the claims of unsecured creditors or trustees in bankruptcy.

Debtor

An individual or entity that owes money or an obligation to another, called the creditor.