Which of the Following Is Not True Regarding Transactions in QBO

question 1

Multiple Choice

Which of the following is not true regarding transactions in QBO?

• A)Prior to entering a transaction,the QBO Chart of Accounts and Company Settings must be set up.
• B)Transactions increase and decrease accounts,therefore,we need the QBO Chart of Accounts set up first.
• C)Recurring transactions are not often used in QBO since transactions are specifically adjusted to suit every user's needs.
• D)Recurring transactions save time and minimizes errors.

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Definitions:

Analogies

Comparisons made between two things that are otherwise unlike, but have some similarities, often used to explain or argue.

Critical Thinking

Thinking reflectively and productively, and evaluating the evidence.

Single Correct Answer

A concept often applied in standardized testing or traditional education settings where questions are designed to have only one right answer.

Imitate

The action of copying the behaviors, movements, or expressions of another person as a method of learning or social interaction.