16) When creating a new QuickBooks data file for an existing company, QuickBooks automatically offsets accounts receivable balances with an entry to the: A) Uncategorized Expenses account B) Uncategorized Income account C) Opening Balance Equity account D) Capital Stock account Group of answer choices A B C D

16) When creating a new QuickBooks data file for an existing company, QuickBooks automatically offsets accounts receivable balances with an entry to the: A) Uncategorized Expenses account B) Uncategorized Income account C) Opening Balance Equity account D) Capital Stock account Group of answer choices A B C D

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter3: Setting Up A New Company

Section: Chapter Questions

Problem 3.6C

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16) When creating a new QuickBooks data file for an existing company, QuickBooks automatically offsets accounts receivable balances with an entry to the:
A) Uncategorized Expenses account
B) Uncategorized Income account
C) Opening Balance Equity account
D) Capital Stock account

Group of answer choices

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