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:

Young Republic

A term often used to describe the United States during the early years of its establishment and development as an independent nation, following the American Revolutionary War and during the early 19th century.

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A canal in New York, USA, that is part of the east-west, cross-state route of the New York State Canal System. Originally, it ran 363 miles from where Albany meets the Hudson River to Buffalo at Lake Erie, completed in 1825 and significantly impacting the development of the American Northeast and Midwest.

John Jacob Astor

A German-American businessman, merchant, real estate mogul, and investor known for being one of the wealthiest people in America in the early 19th century, notably in the fur trade and for purchasing vast amounts of land in New York City.

Self-Made Man

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