The Steps to Set Up a New Service Company in QuickBooks

question 5

Multiple Choice

The steps to set up a new service company in QuickBooks with no employees are:

• A)Easy Step Interview > Customer List > Vendor List > Item List
• B)Setup Chart of Accounts > Easy Step Interview > Customer List > Vendor List > Item List
• C)Easy Step Interview > Customize Chart of Accounts > Customer List > Vendor List > Item List
• D)Easy Step Interview > Customer List > Vendor List > Item List > Customize Chart of Accounts

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Definitions:

Fixed Exchange-rate System

A currency system where the value of a country's currency is pegged to another currency, a basket of currencies, or a commodity like gold.

Central Bank

An institution that manages a country’s currency, money supply, and interest rates, often overseeing the commercial banking system of their country or monetary union.

Foreign-exchange Reserves

Assets held on reserve by a central bank in foreign currencies, used to back liabilities and influence monetary policy.