You Can Move a Chart to A(n) ____________________, Which Is

question 28

Short Answer

You can move a chart to a(n) ____________________, which is a separate sheet in the workbook.

Understand the structure and customization of the QuickBooks Online (QBO) Chart of Accounts (COA), including the addition, deletion, and modification of accounts.

Identify the main components and classifications within financial statements, including the differentiation between assets, liabilities, equity, revenues, and expenses.

Comprehend the setup and utilization of subaccounts in QBO to track additional details and enhance financial reporting.

Recognize how QBO supports tax preparation through account organization and the relationship between accounting elements and their tax implications.

---

Definitions:

Success Opportunity

A favorable set of circumstances that enables individuals or organizations to achieve their goals or enhance their likelihood of success.

Public Relations

The professional practice of managing and guiding perceptions of individuals, organizations, or products in the public eye through media and communication strategies.

Public Diplomacy

The practice of promoting the interests of a nation through interaction and engagement with foreign publics.

Corporate Citizens

Companies that are recognized as having legal rights and responsibilities similar to those of an individual, including ethical and social obligations towards society.