Which of the Following Is False Regarding Recurring Transactions in QBO

question 14

Multiple Choice

Which of the following is false regarding recurring transactions in QBO?

• A)Recurring transactions save time and reduce errors.
• B)Recurring transactions are frequently used transactions which are saved to use in future transactions.
• C)Recurring transactions are classified in QBO as three different types: Scheduled,Unscheduled and Reminder.
• D)Recurring transaction types are set up in QBO to be scheduled and do not represent unscheduled type of transactions.

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Definitions:

Exempt Activities

Actions or operations by certain organizations that are not subject to taxation due to their nature, usually charitable, educational, or religious.

Social Mission

The purpose or goal of an organization that focuses on creating social value and addressing societal needs rather than generating profits.

Meeting Current Needs

Ensuring the present requirements or demands of a situation, organization, or individual are adequately addressed or fulfilled.

Charity

An organization or activity aimed at providing help and raising money for those in need, often without expecting anything in return.