Accounting Software Guarantees That All Transactions Have Been Recorded Properly

question 145

True/False

Accounting software guarantees that all transactions have been recorded properly.

Describe the process and accounting treatment of notes payable, including issuance and satisfaction of liabilities.

Recognize the role and characteristics of current liabilities in financial statements.

Explain the taxation requirements for employers including payroll taxes and federal income taxes.

Understand the classification and recognition of liabilities on the balance sheet.