In QBO,which of the Following Is TRUE

question 12

Multiple Choice

In QBO,which of the following is TRUE?

• A)When making journal entries,accountants may have situations where a journal entry has 2 Debits and no Credits or 2 Credits and no Debits.
• B)There are situations in QBO when Debits will not equal Credits.
• C)When making journal entries,accountants generally list Credits before Debits,however,QBO may not always list Credits before Debits in journal entries.
• D)When making journal entries,accountants generally list Debits before Credits,however,QBO may not always list Debits before Credits in journal entries.

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Definitions:

Sales Proportional

A method or metric that relates a company's sales to another factor, measured in a ratio or percentage form to assess efficiency or performance.

Debt And Equity

Refers to the two primary ways of financing a company's operations and growth, through borrowing (debt) or selling ownership interests (equity).

Sustainable Growth Rate

The maximum rate at which a company can grow its sales, earnings and dividends without needing to increase equity or borrowings.

Debt-Equity Ratio

The measure of a company's financial leverage, calculated by dividing its total liabilities by stockholders' equity.