When Using QuickBooks Online Your Data Is Saved in the Cloud

question 2

True/False

When using QuickBooks Online your data is saved in the Cloud.

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Definitions:

Balance Sheet

A financial statement that reflects the financial position of a company at a specific point in time, detailing assets, liabilities, and owners' equity.

Vertical Analysis

A method of financial statement analysis where each entry for a given period is presented as a proportion of a fixed line item.

Total Assets

The sum of all assets owned by a company, including cash, inventory, and property.

Accounts Receivable

Money owed to a company by its customers for goods or services that have been delivered but not yet paid for.