When Creating a New QuickBooks Data File for an Existing

question 9

Multiple Choice

When creating a new QuickBooks data file for an existing company, opening balances are added when you:

• A)Customize the Chart of Accounts
• B)Add vendors to the vendor list
• C)Add customers to the customer list
• D)Add inventory the item list

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Definitions:

Variance

A statistical measure that represents the degree of spread or dispersion of a set of data points, calculating the average of the squared differences from the mean.

Measures of Central Tendency

Statistical measures that describe the center position of a distribution for a data set, including mean, median, and mode.

Data Set

All the data from a research project.

Mode

The most frequent score in a set of scores.