Transmission Control Protocol/Internet Protocol (TCP/IP) Provides the Technical Foundation for the Public

question 20

True/False

Transmission control protocol/Internet protocol (TCP/IP) provides the technical foundation for the public Internet as well as for large numbers of private networks.

Learn how to enter transaction information using onscreen forms in QuickBooks.

Understand the concept of double-entry accounting and how it is implemented in QuickBooks transactions.

Recognize the different lists available in QuickBooks and their purpose, including Customer List, Vendor List, and Item List.

Familiarize with the QuickBooks Home Page layout and where to access various forms and transactions.

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Definitions:

Journal Entry

A record of a business transaction in an accounting system that affects at least two accounts, one debit and one credit.

Debits Checking

The process of recording or deducting sums of money from a checking account, based on transactions made.

Credits Undeposited

Funds received by a company that have not yet been deposited into the bank account.

Vendor Transactions

Financial transactions made between a business and its suppliers/vendors, relating to the purchase of goods or services.