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:

Initial Sale

The first time a company's product or service is sold, marking the beginning of its commercial journey.

Security

A financial instrument that represents an ownership position in a publicly-traded corporation (stock), a creditor relationship with a governmental body or a corporation (bond), or rights to ownership as represented by an option.

Financial Intermediaries

Institutions that facilitate the channeling of funds between savers and borrowers, by ensuring the flow of capital.

Pension Funds

Investment pools, typically of large size, established to manage and invest the retirement funds of employees, offering them income upon retirement.