When Setting Up a New Company,QuickBooks Automatically Creates

question 19

Multiple Choice

When setting up a new company,QuickBooks automatically creates:

• A)Customers List
• B)Vendors List
• C)Chart of Accounts
• D)Employee List

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Definitions:

Magnuson-Moss Warranty Act

A federal law that governs warranties on consumer products, aiming to ensure that warranties are clearly and comprehensively presented to consumers.

Sales Of Goods

Refers to transactions where the seller transfers or agrees to transfer the ownership of goods to the buyer for a consideration known as price.

Consumer Purchases

Transactions made by individuals or households for goods and services for personal use.

Fair Debt Collection Practices Act

A U.S. federal law designed to eliminate abusive, deceptive, and unfair debt collection practices, providing guidelines for the conduct of debt collectors towards debtors.