When Deleting a Check All of the Following Is True

question 4

Multiple Choice

When deleting a check all of the following is true except:

• A)It is better to Delete the check than Void the check in order to erase all records of the transaction
• B)The deleted check no longer appears in the check register
• C)QuickBooks changes the amount deducted in the check register to zero
• D)All of the above are true

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Definitions:

Present Value Factors

A multiplier used to calculate the present value of a future payment or series of payments, reflecting the time value of money.

Present Value Factors

A set of coefficients used to calculate the present value of a future cash flow, considering a specific discount rate.

Effective Yield

A measure of the return on investment, taking into account the effect of compounding interest, unlike the nominal interest rate.

Floating-rate Debt

Debt instruments such as bonds or loans with variable interest rates that adjust periodically based on a benchmark interest rate or index.