All of the Following Are One of the Four Main

question 27

Multiple Choice

All of the following are one of the four main categories of transactions in QuickBooks except?

• A)Chart of Accounts
• B)Customers
• C)Vendors
• D)Employees

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Definitions:

Fiduciary Duty

A legal obligation of trust requiring an individual to act in the best interests of another party, often seen in the context of trustees, guardians, and financial advisors.

Shareholders

are individuals or entities that own shares in a corporation, giving them partial ownership and possibly the right to vote on corporate matters.

Management

The process of directing, controlling, and overseeing the operations and activities of a business or organization.

Revised Act

An updated or modified version of a law or statute that reflects current needs and circumstances, incorporating new amendments or corrections.